Mira Mesa-based Inseego Corp. is supplying the wireless routers for Verizon’s in-home 5G broadband service. Financial terms of the relationship, announced Sept. 13, were not disclosed.
Inseego (Nasdaq: INSG) calls its 5G home router the R1000. “Our multi-gigabit home router is a perfect example of how ecosystem partners come together to bring a new complex technology to the market,” Dan Mondor, Inseego’s chairman and CEO, said in a prepared statement.
5G refers to fifth-generation wireless service, which transfers data at several gigabits per second — much faster than the commonly available 4G LTE service. Among other things, Verizon plans to offer its home users TV service — without the cable — with partner YouTube TV.
Verizon was scheduled to begin its 5G fixed-wireless service to customers on Oct. 1. Initially it will be in limited markets: Los Angeles, Sacramento, Houston and Indianapolis.
Though it uses 5G technology, Verizon’s service is akin to fixed broadband, rather than mobile broadband. You can’t leave the house with it. Mobile phones with 5G are expected to come to market in 2019.
Inseego, previously known as Novatel Wireless, has a long relationship with Verizon, having supplied it with MiFi wireless hotspots for many years.
The company has tried multiple strategies to reach profitability in recent years, and in doing so, has expanded into vehicle tracking and the internet of things. Not too long ago, Inseego tried to sell its MiFi hardware business to an overseas company. Federal authorities blocked the sale, and Inseego recommitted to hardware.