VZ Verizon Communications Inc.

Verizon turbo charges its Los Angeles 5G network with the addition of more spectrum

Verizon turbo charges its Los Angeles 5G network with the addition of more spectrum

Additional spectrum, available four months ahead of schedule, results in greater availability of 5G Ultra Wideband service, along with better performance and faster speeds

LOS ANGELES, Aug. 14, 2023 (GLOBE NEWSWIRE) --  Today, Verizon announced that it now has access to the total amount of 5G C-band in March 2021 – four months ahead of schedule. Los Angeles residents and visitors will now be able to use a full 140 MHz of spectrum, more than doubling the 5G bandwidth available to serve customers throughout Los Angeles. This allows Verizon to more quickly expand and enhance its 5G Ultra Wideband network, providing much greater capacity to accommodate more customers and more robust services, as well as enable higher data speeds. This additional spectrum will also allow Verizon to offer 5G Home broadband and Business Internet services to more customers throughout Los Angeles, where Verizon’s network already according to the nation’s most rigorous scientific testing company RootMetrics®. *

“Early access to the remainder of the C-band spectrum puts us another four months ahead of schedule from our original projections. This additional spectrum will make 5G Ultra Wideband available to even more Americans, and will open up more availability of our home and business broadband solutions,” said Joe Russo, EVP & President of Global Networks and Technology for Verizon. “The more spectrum we deploy on our network, the more capacity we add for our customers to connect.”

Since Verizon began deploying 5G service using C-band spectrum, the lightning fast 5G service has been made available to more than 222 million people in 359 markets** and more than 40 million households have access to Verizon’s Home Internet with 384,000 new customers subscribing to Verizon’s Fixed Wireless Access based home internet products (both LTE and 5G) in the second quarter of this year alone, bringing total FWA customers to 2.3 million.

Verizon’s C-band holdings

for between 140-200 MHz in all available markets, and began deploying 60 MHz in the first 46 areas in 2022. As the additional spectrum has been cleared by satellite companies outside of the first 46 areas, Verizon has been able to deploy 5G Ultra Wideband using a portion of its licensed bandwidth coast to coast. Now, with final clearance from the satellite incumbents, Verizon will be able to use the entirety of its licensed C-band spectrum, an average of 161 MHz coast to coast with some markets accessing a . Verizon has been deploying equipment that is capable of the full 200MHz of bandwidth, so with a mere software update, customers will start to see the effects of this dramatic increase in bandwidth in the immediate next few days and weeks.

Specifically, Verizon now has access to:

  • A minimum 140 megahertz of total spectrum in the contiguous United States and an average of 161 megahertz nationwide; that’s bandwidth in every available market, 406 markets in all.
  • Up to 200 megahertz in 158 mostly rural markets covering nearly 40 million people. This will further enhance Verizon’s broadband solution portfolio for rural America.

More service in more places

Accelerated access to best-in-class  holdings means greater capacity and faster speeds in major metro areas where Verizon’s network is already undefeated in 96.8% of the metro drive tests (121 out of 125 markets) performed by the most rigorous scientific testing company*** in the first half of 2023. Additional spectrum also allows Verizon to continue expanding coverage of its 5G network, the most reliable in the US,**** introducing 5G Ultra Wideband service into even more rural and suburban areas.

*Rankings based on the RootMetrics® Los Angeles RootScore® Report: 1H 2023. Tested with best commercially available smartphones on three mobile networks across all available network types. Your experiences may vary. The RootMetrics award is not an endorsement of Verizon.

** Market is defined in terms of PEA or Partial Economic Area defined by the FCC.

*** Rankings based on the RootMetrics® metro RootScore® Reports for 125 metro areas tested during Jan - June 2023: Tested with best commercially available smartphones on three mobile networks across all available network types. Your experiences may vary. The RootMetrics award is not an endorsement of Verizon.

****Rankings based on the RootMetrics® State of 5G in the US Report: 2H 2022. Tested with best commercially available smartphones on three mobile networks across all available network types. Your experiences may vary. The RootMetrics award is not an endorsement of Verizon.

 

MEDIA CONTACT:

Karen Schulz

864.561.1527



EN
14/08/2023

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Verizon Communications Inc.

Moody's Ratings assigns Baa2 ratings to Verizon's proposed junior subo...

Moody's Ratings (Moody's) assigned Baa2 ratings to Verizon Communications Inc.'s (Verizon) proposed Euro and Sterling junior subordinated notes. All other ratings, including the company's Baa1 long term issuer rating, Baa1 senior unsecured notes ratings, (P)Baa1 senior unsecured MTN program ratings,...

 PRESS RELEASE

Verizon to speak at Barclays Communications and Content Symposium on F...

Verizon to speak at Barclays Communications and Content Symposium on February 24 NEW YORK, Feb. 18, 2026 (GLOBE NEWSWIRE) -- Tony Skiadas, executive vice president and chief financial officer at Verizon (NYSE, Nasdaq: VZ), is scheduled to speak at the Barclays Communications and Content Symposium on Tuesday, February 24, at 8:00 a.m. ET. The session will be webcast, with access instructions available on Verizon’s Investor Relations website, . Verizon Communications Inc. (NYSE, Nasdaq: VZ) powers and empowers how its millions of customers live, work and play, delivering on their demand fo...

Verizon Communications Inc: 1 director

A director at Verizon Communications Inc sold 9,579 shares at 44.880USD and the significance rating of the trade was 57/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two yea...

Blair Levin
  • Blair Levin

T Threats Limited in Senate FirstNet Hearing; House Hearing This Week

In a legislative battle pitting the interests of T v. VZ and TMUS, the Senate held a hearing last week on the reauthorization of the FirstNet Authority (FNA), with the House holding another one this coming Wednesday. In this note, we analyze the first hearing as well as a draft House bill with an eye toward whether the upcoming Congressional action is likely to change the current economics of public safety communications for T, VZ, and TMUS.

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke

Vital Signs: Actionable charts

In this product we rank the most positive and negative domestic stocks, filter the symbols by market-cap and trading volume, and then divide the companies into sectors and groups. We then manually look through charts leadership/changes, bottoms-up/top-down ideas, short-term patterns that may have long-term significance, etc. We believe you will find this product valuable as significant price and relative moves begin in the daily charts.

ResearchPool Subscriptions

Get the most out of your insights

Get in touch