On Thursday, in a press release, Verizon announced that it will continue to roll out its 5G network with the addition of St. Paul, Minnesota. A long anticipated 5G hotspot, the Inseego 5G MiFi M1000 is the latest 5G device announced by Verizon. The release of this device also confirms that 5G will not be cheap. The monthly cost of data is different than the hotspot, however, hotspot alone will cost you $649.99.

Well, the cost of the device is quite surprising as, the cost of the Jetpack MiFi 8800L, which is the company’s current high-end LTE hotspot is $199.99. In comparison with its price, the latest 5G will costs you three times more than this.

However, good news is that Verizon has an easy plan for its customers. It offers you two different ways. A 24-month installment plan is offered by them, that just divides the cost into $27.08 per month. The other one is a two-year service contract that takes the price down to $499.99. Also, the data will cost you more. Verizon’s unlimited plan only, is offering 5G data. This plan starts from $90 per month, this will cost you $10 more per month than the LTE plan. You will get 50GB of 5G data per and 15GB of LTE data per month.

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Moreover, you can only use 5G speeds for downloads, as Verizon is offering it only for downloads and all your uploads will be using LTE service.  Although, if you are already a customer of Verizon’s unlimited smartphone plan, you can get service for the 5G MiFi M1000 for $30 a month, also the cost of the device, for the same 50GB of 5G / 15GB LTE data pools.

The 5G MiFi M1000 which the Verizon is offering is the fifth 5G device, in the line of the LG V50 ThinQ, the Galaxy S10 5G, and the Moto Z3 and Z4.

Also, the company has launched its higher-speed service in fifth city, St. Paul, following Chicago, Denver, Minneapolis and Providence, Rhode Island. According to the reports, parts of downtown, Lowertown and West Seventh neighborhoods can access the faster service. However, not all areas of St. Paul will be able to access Verizon’s 5G network. Previously, Verizon had promised that 30 cities across the US would have its 5G service by the end of the year.