The new Verizon 5G hotspot has this week been unveiled costing $500 with a 24 month contract. The Inseego MiFi is the first 5G hotspot and fifth 5G-enabled device on Verizon’s 5G network. The MiFi M1000 Verizon 5G hotspot has been designed to provide a seamless 5G/4G LTE network combining speed and coverage today and as 5G Ultra Wideband coverage expands.
The MiFi M1000 Verizon 5G hotspot also offers advanced security features and firewall protection allowing it to be used by both business and consumers. The Inseego 5G MiFi M1000 is available today for $27.08 a month for 24 months ($649.99 retail) on device payment or $499.99 with a two-year contract.
Verizon consumer customers with an active Unlimited smartphone plan can add a 5G MiFi M1000 to their account and get 50GB of 5G Ultra Wideband data and 15GB of 4G LTE data2 for $30 a month (plus taxes and fees), an increase of only $10 over 4G LTE service rates.
“The Inseego MiFi is our first business-ready 5G device, combining bandwidth and speed customers expect from 5G, with enterprise-grade security businesses require,” said Tami Erwin, executive vice president and group CEO for Verizon Business. “Verizon continues to lead in 5G, adding to our coverage area with St. Paul and launching the Inseego 5G hotspot, our fifth 5G enabled device.”
Verizon also launched 5G Ultra Wideband mobility service in St. Paul, Minnesota, joining Denver, Chicago, Minneapolis and Providence1 as the fifth of more than 30 Verizon 5G mobility cities Verizon plans to launch in 2019.