Market Overview

Verizon, Boingo Wifi Partner To Improve Verizon's 5G Presence in Phoenix

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Verizon Communications Inc. (NYSE: VZ) on Thursday announced it's working with Boingo Wireless Inc (NASDAQ: WIFI) to bring 5G ultra wideband service indoors and to public spaces such as airports, stadiums, office buildings and hotels in the Greater Phoenix area.

The two will work together to “architect a hyper-dense network” designed for large and small indoor spaces as part of Verizon's ongoing 5G network expansions.

Boingo Wireless traded up more than 14% to $12.77 per share at time of publication. The stock has a 52-week high of $35.98 and a 52-week low of $10.83 per share.

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Posted-In: 5GNews

 

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