Infrastructure and Network

BlackRock partners Verizon on private 5G network

Tami Erwin - Verizon.jpg

BlackRock’s new global headquarters at 50 Hudson Yards in New York is to feature a private 5G network from Verizon.

Under the terms of the collaboration, Verizon will deliver 5G Ultra Wideband connectivity to areas of BlackRock’s Hudson Yards facility. This includes areas where high speed and low latency are in demand, such as its trading floor, client-facing conference centre, auditorium and meeting rooms.

“5G Ultra Wideband is the platform for 21st century business and should be a prerequisite for any workplace that aims to be state of the art and future ready,” said Tami Erwin (pictured), CEO of Verizon Business.

“BlackRock’s decision to outfit their new headquarters with On Site 5G from Verizon Business puts them at the forefront of data-centric innovation, in full view of clients, guests and partners, who can enjoy the on-premises private network and all its benefits as well.”

The On Site 5G deployment can replace office Wifi and allows BlackRock to use tools and applications including virtual enhanced training, AR/VR, enhanced security management and monitoring, real-time edge computing and emerging data-centric technologies.

“Our vision from the very beginning was to create a world-class, tech-centric experience for our people and our clients,” said Rob Goldstein, COO of BlackRock.

“Partnering with Verizon Business to deploy On Site 5G at our new headquarters will help us turn that vision into reality. 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's On Site 5G is a secure non-standalone private network that combines 5G Ultra Wideband small cells with an LTE packet core and supporting radios, that is compatible with a wide range of both LTE and 5G devices. The solution uses 5G radios from technology vendor Corning.

In addition, it gives customers a scalable, customisable platform that leverage emerging technologies such as IoT, AI/ML, AR/VR, and real-time edge compute.

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