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Why Verizon is partnering with Amazon on 5G Edge Cloud Computing

Amazon (AMZN) and Verizon (VZ) are teaming up to deliver 5G Edge Cloud Computing, bringing the processing power and storage closer to 5G users and wireless devices at faster speeds and ultra-low latency.

The announcement, made at AWS re:Invent, makes Verizon the first in the world to offer 5G network edge computing with AWS Wavelength. 

“As we think about cloud computing and the power of AI, big data storage, and all of the analytics that happen in cloud computing, to be able to take that from centrally managed down to a local, edge compute capability, and to have to power of 5G low-latency, gives us access to applications we haven’t had in the past,” Tami Erwin, Verizon Business Group CEO, told Yahoo Finance’s The Ticker on Tuesday. “You begin to think about smart factories, smart cities, smart communities, changing retail, real-time health-care applications; it really changes everything about how enterprises will use information to deliver a very differentiated experience to their consumers.”

With this new partnership, businesses will be able to download data from the cloud at speeds that are much faster than a typical 4G network, and the ultra-low latency capability connects devices more quickly. 

“Verizon has taken a very strong position that says for us to enable the solutions that 5G can enable, we need to partner with others to really drive innovation in the marketplace,” Erwin said. “I can’t imagine a better partner than Amazon as we think about opening up the platform of the Mobile Edge Compute to millions of developers around the world to develop solutions and applications.”

Verizon has made several strategic partnerships as it rolls out its 5G network, including recent deals with Disney (DIS) and The New York Times (NYT).

“When you think about an industry’s leaders, whether it’s an industry leader like Disney or an industry leader like The New York Times, Verizon as a network provider is partnering with others that we can really work together to enable the kind of solutions that we know our 5G network will enable and make available to the world,” Erwin said.

AWS Wavelength on Verizon’s edge compute platform, 5G Edge, in currently available in Chicago, with additional U.S. deployments planned for 2020. 

“We will continue to launch markets as we go into 2020 and make it more broadly available.”

Seana Smith is the anchor for The Ticker.


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