Verizon has opened a new 5G Lab and production studio in London – the company’s first 5G-enabled facility outside the United States – to support its international business and media customers.

Verizon Business has won a contract to build multiple private 5G networks at Thames Freeport, one of Britain's busiest shipping and logistics centers, the U.S. telecom giant said on Wednesday.

Verizon's increasing 5G presence could impact key stocks and sectors. Learn how the aggressive build-out may favour dividend-paying stocks.