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No, the iPhone 5 from Verizon is a world phone, capable of being used on a GSM or CDMA network. through Verizon it uses CDMA , the iPhone 5 sold by verizon has the SIM card slot unlocked and capable of being used by any GSM wireless service.
The iPhone 5 is a smartphone that was designed and marketed by Apple Inc. It is the sixth generation of the iPhone succeeding the iPhone 4S and preceding the iPhone 5S and iPhone 5C. Formally unveiled as part of a press event on September 12, 2012, it was released on September 21, 2012.
Apple iPhone 5. The Apple iPhone 5 is powered by 1.3GHz dual-core processor and it comes with 1GB of RAM. The phone packs 16GB of internal storage that cannot be expanded. As far as the cameras are concerned, the Apple iPhone 5 packs a 8-megapixel primary camera on the rear and a 1.2-megapixel front shooter for selfies.