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Verizon, Apple partner to swap out corporate-owned phones for 5G iPhones

The companies said the "Fleet Swap" program can be used to replace a business' corporate-owned devices from Verizon or other carriers at 'zero upfront cost, with zero to low cost per month.'

Topics
Verizon | Apple  | iPhones

Stephen Nellis |Reuters 

Apple CEO Tim Cook poses with the all-new iPhone 12 Pro at Apple Park in Cupertino, California. Photo: Reuters
Apple CEO Tim Cook poses with the all-new iPhone 12 Pro at Apple Park in Cupertino, California. Photo: Reuters

Inc and VerizonCommunications on Thursday announced a program in which will subsidize the replacement of corporate customers' entire fleet of smartphones with any of Apple's iPhone 12 models.Business, the corporate-focused arm of running the program, and did not provide financial details of the arrangement, which applies to Apple's first family of phones with networking capabilities.

The said the "Fleet Swap" program can be used to replace a business' corporate-owned devices from Verizon or other carriers at "zero upfront cost, with zero to low cost per month." Unlike previous generations of networks, networks come in different varieties, including a kind known as millimeter wave that can be used to provide coverage inside buildings such as corporate campuses or factories that are difficult to address with other technologies such as WiFi.

The newer technology also allows for private networks for businesses.Verizon Business is hoping to sell those services to businesses for new applications, such as factory floors outfitted with sensor-equipped machinery that generates data to better track production processes.

Verizon said on Thursday that it was working with General Motors Co and Honeywell to deploy 5G networks at a GM factory in Detroit and Honeywell's headquarters in North Carolina.

"What this allows us to do is create an infrastructure that becomes a playground for chief information officers as they build their digital roadmap," Tami Erwin, chief executive officer of Verizon Business, told Reuters in an interview.

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First Published: Fri, November 20 2020. 01:44 IST
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