Verizon releases its first $650 5G hotspot

5g hotspot verizon

Today, Verizon launched its first 5G hotspot Inseego 5G MiFi M1000 device to its customers across 5 major cities of the US and promises to expand its network in 30 other cities of US by the next few years.

5G data is only offered with Verizon’s unlimited plan costing $90 per month. But this latest 5G hotspot device is expected to cost more for the customers. The hotspot alone is set to cost $650 and add to it data costs, it becomes a-even more costlier proposition.

Verizon is now offering a few ways to reduce the cost burden on customers. It has come up with a 24-month installment plan that divides the cost into $27.08 per month and a two-year service contract which dilutes the price down to $499.99.

This new 5G MiFi M1000 marks the fifth 5G device that Verizon is offering. It now joins the list of Moto Z3 and Z4, LG V50 ThinQ and the Galaxy S10 5G.

Verizon is planning to expand its 5G network into Providence and Denver soon. Verizon  also plans to launch its 5G mobile internet in some major cities like Atlanta, Boston, Detroit, Houston, Indianapolis, Kansas City, Little Rock, Memphis, Phoenix, Providence, San Diego, Salt Lake City, Washington DC, Charlotte, Cincinnati, Cleveland, Columbus, Dallas, Des Moines and Denver.