Verizon, Snap to develop 5G augmented reality features
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 10/22/2026
- Nasdaq leads Wall Street gains as SpaceX, Super Micro boost AI sentiment
- Meta beats Q3 estimates, approves new nonvoting share class as AI spending surges
- Tesla stock up as automotive gross margin improves, free cash flow turns positive
- SpaceX, Tesla shares rise after Musk says committees exploring possible merger
- Brent falls as Iran's president discusses mediation with Pakistani army chief
Tweet
Share
E-mail
FILE PHOTO: A man stands next to the logo of Verizon at the Mobile World Congress in Barcelona, Spain, February 26, 2019. REUTERS/Sergio Perez/File Photo
(Reuters) - Verizon Communications Inc and Snap Inc will partner to develop 5G augmented reality features at the wireless carrier's labs, the companies said on Thursday.
The No.1 U.S. wireless carrier will also preload the Snapchat app on select 5G phones under the deal.
Snap's augmented reality features, including lenses that can overlay effects on pictures, have played a key role in its popularity among users.
Verizon and its U.S. rivals have embarked on an aggressive marketing push to get more customers to use their 5G networks, a technology that can offer 20-times faster data speeds than 4G long-term evolution (LTE) networks.
(Reporting by Akanksha Rana in Bengaluru; Editing by Sriraj Kalluvila)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Straight Talk Supercharges Unlimited Plans with More Data, Faster 5G and Expanded Benefits
- Firefly Aerospace stock rises on NASA lunar mission progress
- Judge orders Meta to pay $25 billion in New Mexico case
Create E-mail Alert Related Categories
General News, ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
