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The first 5G phone will cost $1,300 on Verizon

Key Points
  • Verizon will sell the Samsung Galaxy S10 5G beginning May 16.
  • The phone will cost $1,300 and is the first to support Verizon's 5G network without requiring an accessory.
  • Verizon also announced that it will activate 20 new 5G markets this year.
Verizon Communications Inc. 5G wireless signage is displayed at the company's booth during the Mobile World Congress Americas in Los Angeles, California, U.S., on Wednesday, Sept. 12, 2018.
Patrick T. Fallon | Bloomberg | Getty Images

Verizon on Thursday announced that it will begin to sell the Galaxy S10 5G on May 16 for $1,300. It's the first phone with 5G included that Verizon will sell. It follows the Motorola Z3, which supports 5G, but requires a separate accessory that adds the functionality to the phone.

The Samsung Galaxy S10 5G is a larger version of the Galaxy S10 that Samsung launched earlier this year. Verizon will sell two models including the $1,300 option as well as a $1,400 version with twice the storage. The phone will also launch on AT&T, Sprint and T-Mobile later this year.

Verizon also said it will activate 5G in 20 new markets this year including Atlanta, Boston, Charlotte, Cincinnati, Cleveland, Columbus, Dallas, Des Moines, Denver, Detroit, Houston, Indianapolis, Kansas City, Little Rock, Memphis, Phoenix, Providence, San Diego, Salt Lake City and Washington DC.

Samsung Galaxy S10 5G
Benjamin Hall | CNBC

Verizon's 5G network is already available in Chicago and Minneapolis, though early tests showed the network was sometimes hard to access and wasn't very reliable during its first couple of days live.

T-Mobile and Sprint, still vying for a merger, are planning to roll out 5G this year but neither have activated 5G yet.

The first Sprint 5G markets are Atlanta, Dallas, Chicago and Kansas City in May followed by Houston, Los Angeles, New York City, Phoenix and Washington, D.C., sometime during the first half of the year. Devices from HTC and LG will support Sprint's 5G network.

AT&T's 5G+ network, the branding it's using for its 5G coverage, is available in 12 markets. The company says it will increase that coverage to 21 major cities throughout the year.

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