Here’s Why Verizon, BlackRock Collaborated

Here’s Why Verizon, BlackRock Collaborated
A Verizon logo is seen during the Mobile World Congress in Barcelona, Spain on March 1, 2017. Josep Lago/AFP via Getty Images
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Verizon Communications Inc. looks to build a private 5G network for BlackRock Inc. at its new Hudson Yards headquarters, juicing up rivalry with AT&T Inc. and T-Mobile US Inc..

Verizon said that the new 5G wireless technology could replace Wi-Fi and give BlackRock the ability to use applications like virtual reality and edge computing that require nearly instantaneous network response time.