Ericsson, in partnership with Intel and Verizon, took to the track during the Indianapolis 500 to test some 5G network and virtual reality technology.

Verizon this week announced that it intended to launch 5G pilot programs in 11 U.S. markets by mid-2017.

Verizon customers in Los Angeles, Houston, Sacramento and Indianapolis who sign up for the telco's 5G service later this year will get free access to YouTube TV on the 5G service or receive a free Apple TV 4K.

A select group of Verizon employees and customers are getting a sneak peek into the possible future of Verizon Fios, as the company confirmed that it is currently testing “new advanced TV features.”

Verizon has plans to build its own core public safety communications network similar to the FirstNet network being managed by AT&T.

During a speech at the National Press Club on Monday, June 20, FCC Chairman Tom Wheeler highlighted his plan for a new 5G spectrum frontier.

Of more than 30 wireless operators from across the globe comprising hundreds of billions in revenues, the vast majority have either commenced 5G trails or intend to within the next five years.

5G could very well begin carving a space for itself among fellow TV and video providers, according to a recently conducted report from Strategy Analytics.