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Verizon, Apple go after businesses with new iPhone 12 upgrade program

Verizon is hoping its new deal will help push businesses onto Apple's latest 5G-capable iPhones.

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Verizon and Apple are teaming up again, this time to push the iPhone 12 to businesses. 

Andrew Hoyle/CNET

Verizon and Apple are teaming up again. Last month, Verizon CEO Hans Vestberg appeared during Apple's iPhone 12 event to introduce its nationwide 5G network. On Thursday, the two companies joined forces on a new program designed to get business customers onto Apple's latest 5G-capable iPhone 12 devices. 

Dubbed "5G Fleet Swap," Verizon says the new program will allow businesses to trade in their "entire fleet of smartphones" and "upgrade to any model in the iPhone 12 lineup for zero upfront cost, with zero to low cost per month." The phones can come from any carrier, with Verizon telling CNET that there is no minimum or a maximum number of lines for the promotion. To get the lowest price on the phones the carrier says that companies will need to trade in an iPhone 7 (or later), Samsung Galaxy S9 (or later) or Galaxy Note 9 (or later). 

No special plans are needed for the offer, a departure from Verizon's consumer iPhone promotions. For those deals, Verizon requires one of its pricier Do More, Play More, or Get More unlimited plans (which are needed to access its fastest millimeter-wave 5G network) and that you trade in a device and finance an iPhone 12 on an installment plan that runs either 24 or 30 months, to get a discount on the hardware.

The carrier's millimeter-wave network is available in parts of 55 cities, 47 stadiums and seven airports with the company previously announcing plans to expand to 60 cities by the end of 2020. The company's lower-frequency nationwide 5G network, which has speeds that are similar to its 4G LTE network, doesn't require any special plans. 

Verizon says those interested should contact their business-to-business sales representatives for details. While you can trade in Android phones the program only allows you to buy one of Apple's latest iPhone 12 series phones, not a new Galaxy or earlier model iPhone such as the iPhone 11 or XR.