Verizon secured an average of 161 MHz of C-band spectrum
nationwide in the recent FCC auction, which will allow Verizon to offer
increased mobility and broadband services to millions more consumers and
businesses. C-band provides a valuable middle ground between capacity and
coverage for 5G networks, and will enable greater speeds and coverage for both
mobility, home broadband and business internet solutions. Deploying 5G Ultra
Wideband on this spectrum requires new network equipment including basebands and
antennas to be placed on existing towers. The deals signed with both Crown
Castle and SBA Communications provide for process improvements including
standardizing and reducing forms and minimizing legal reviews, allowing Verizon
engineering teams to expedite deployment of C-band equipment. Both agreements
establish terms for leasing space on existing towers for C-band equipment.
“The addition of C-band spectrum to our already robust
spectrum portfolio means we will be able to provide the differentiated service
of 5G Ultra Wideband mobility service to an additional 250 million customers
and, for the first time, 50 million additional customers will have choice in
their internet provider as we bring 5G Home to more places,” said Heidi Hemmer,
Senior Vice President of Engineering at Verizon. “These new agreements with our
tower companies allow us to work very efficiently to pre-position all needed
equipment on existing towers on our best-in-class network.”
“We are excited about the opportunity to support Verizon’s
5G Ultra Wideband and 5G Nationwide deployment with our extensive wireless
infrastructure offering,” stated Jay Brown, Crown Castle’s Chief Executive
Officer. “Our long-standing partnership with Verizon dates back more than two
decades, and we look forward to continuing to support Verizon’s growth with
this agreement that is designed to deliver significant value for both parties
over the next 10 years. We believe our ability to offer a comprehensive
solution at scale provides us the best opportunity to deliver value as we
support their wireless infrastructure needs.”
”We are pleased to expand our existing strong partnership
with Verizon, as we play an active role in supporting their efforts to deliver
5G service across the country,” said Jeff Stoops, SBA Communications’ President
and Chief Executive Officer. “We believe the scale and quality of our assets
and our positive working relationship will enhance Verizon’s ability to
efficiently meet their network objectives, while benefiting SBA Communications
through multiple years of extended use of our assets and leasing revenue
growth.”
Verizon Communications Inc. (NYSE, Nasdaq: VZ) was formed on
June 30, 2000 and is one of the world’s leading providers of technology,
communications, information and entertainment products and services.
Headquartered in New York City and with a presence around the world, Verizon
generated revenues of $128.3 billion in 2020. The company offers data, video
and voice services and solutions on its award-winning networks and platforms,
delivering on customers’ demand for mobility, reliable network connectivity,
security and control.
0 comments:
Post a Comment