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Verizon Lands BlackRock as Its First U.S. Private 5G Client

  • New indoor wireless technology aims to replace office Wi-Fi
  • Carriers have sights on businesses to help kick start sales

Verizon Communications Inc. will build a private 5G network for BlackRock Inc. at its new Hudson Yards headquarters, the beginning of what the telecom giant expects to be a big new business opportunity.

New York-based Verizon said new 5G wireless technology can replace Wi-Fi and give BlackRock the ability to use applications like virtual reality and edge computing that require nearly instantaneous network response time.