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Verizon (VZ) Stock Down Despite Completing 5G Radio Specs

NEW YORK (TheStreet) -- Shares of Verizon (VZ) are down 0.41% to $55.67 today even as the company reaches another milestone in its move toward developing a complete 5G specification.

The New York-based communications company announced today that it had completed its 5G radio specifications. It is the first U.S. carrier to reach the milestone.

The new specifications provide guidelines to develop and test important 5G technical components for chipset providers, network vendors and mobile operators.

"The level of collaboration that we are seeing exceeds what we saw during 4G," said the company's VP of Network Technology...


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