Private 5G implementation is Non-Standalone mode and uses Corning radios
BlackRock, the largest asset management firm on the planet, has engaged Verizon Business to build out a private 5G network. According to Verizon, BlackRock is targeting applications around training, AR, VR, security, edge compute and “emerging data-centric technologies that require high bandwidth and low latency.”
The private network, located at BlackRock’s headquarters within the Hudson Yards development in New York City, uses an LTE core and Corning radios. Coverage is focused on the facility’s trading floor, conference and meeting areas, and auditorium.
BlackRock COO Rob Goldstein said the private network investment is part of a “vision…to create a world-class, tech-centric experience for our people and our clients…As we usher in a new world of work, the vibrant and dynamic environment that we are looking to create will give our people the best opportunities to succeed and better serve our clients.”
Verizon Business said this is the first “commercial implementation” of its OnSite 5G private network product.
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Private networks is just one of the levers Verizon is pulling to monetize its massive investment in 5G. Along with private networking solutions, Tami Erwin told Enterprise IoT Insights during the recent 5G Monetization Forum that fixed wireless access and both public and on-premises edge computing will help push digital transformation for enterprises and new lines of service revenue for Verizon.
For more from Erwin on 5G monetization, watch the interview below:
At 50 Hudson Yards, BlackRock’s headquarters occupies about 1 million square feet spread across 15 floors. Meta, formerly Facebook, occupies 1.2 million square feet across 22 floors. The entire building is 2.9 million square feet and 1,000 feet tall, according to Hudson Yards.