BlackRock teams up with Verizon for private 5G network at New York HQ

The New York city skyline.
BlackRock teams up with Verizon for private 5G network at New York HQ
Duncan is an award-winning editor with more than 20 years experience in journalism. Having launched his tech journalism career as editor of Arabian Computer News in Dubai, he has since edited an array of tech and digital marketing publications, including Computer Business Review, TechWeekEurope, Figaro Digital, Digit and Marketing Gazette.

Verizon Business and BlackRock have revealed that BlackRock’s new global headquarters at 50 Hudson Yards in New York will feature a private 5G network from Verizon.

The deal brings secure 5G Ultra Wideband connectivity to areas of BlackRock’s brand new Hudson Yards facility where high speed and low latency are put to optimal use, such as its trading floor, client-facing conference center, cutting edge auditorium, and meeting rooms.

The On Site 5G deployment can replace office WiFi and allows BlackRock to take advantage of workplace-of-the-future tools and applications including virtual enhanced training, AR/VR, enhanced security management and monitoring, real-time edge computing and emerging data-centric technologies that require high bandwidth and low latency.

Tami Erwin, CEO of Verizon Business, said: “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.

“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.”

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

“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.”

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, providing compatibility with a wide range of both LTE and 5G devices. The offering uses 5G radios from Corning Incorporated.

As 5G technology and capabilities advance and evolve, On Site 5G provides customers with a scalable, customizable platform to take advantage of developments in burgeoning technologies such as IoT, AI/ML, AR/VR, real-time edge compute and much more.

Want to learn more about 5G and the opportunities it presents from industry leaders? Check out 5G Expo. The next events in the series will be held in Santa Clara on 11-12 May 2022, Amsterdam on 20-21 September 2022, and London on 1-2 December 2022.

Explore other upcoming enterprise technology events and webinars powered by TechForge here.

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