BlackRock Partners with Verizon for Private 5G Network at New State-of-the-Art New York Headquarters

BARCELONA, SPAIN AND NEW YORK — Verizon Business and BlackRock today announced that BlackRock’s new global headquarters at 50 Hudson Yards in New York City will feature Verizon’s private 5G network.

The deal brings secure 5G Ultra Wideband connectivity to areas of BlackRock’s newest facility at Hudson Yards where high throughput and low latency are best utilized, such as its trading floor, customer-facing conference center, state-of-the-art auditorium and meeting rooms.

On-Site 5G deployment can replace office Wi-Fi and enables BlackRock to take advantage of future workplace tools and applications, including enhanced virtual training, augmented/virtual reality, enhanced management and monitoring security, real-time edge computing and emerging data. centric technologies that require high bandwidth and low latency.

“5G Ultra Wideband is the platform for 21st century business and should be a prerequisite for any workplace that aims to be cutting edge and ready for the future,” said Tami Erwin, CEO of Verizon Business. “BlackRock’s decision to equip its new headquarters with On Site 5G technology from Verizon Business puts it at the forefront of data-centric innovation, in full view of customers, guests and partners, who can take advantage of the on-premises private network and all its benefits as a good.”

“Our vision from the very beginning was to create a world-class technology-centric experience for our employees and our customers,” said Rob Goldstein, COO of BlackRock. “Our partnership with Verizon Business to deploy 5G on-premises in our new headquarters will help us realize this vision. As we usher in a new world of work, the vibrant and dynamic environment we seek to create will provide our employees with the best opportunities to succeed and better serve our customers.

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 LTE and 5G devices. The offering uses 5G radios from Corning Incorporated.

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

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