Having recently nabbed C-band spectrum at an FCC auction, Verizon announced yesterday they are teaming up with Crown Castle and SBA Communications to speed up deployment of its 5G Ultra Wideband and fixed wireless broadband. Verizon said the partnership would prepare for the launch of its next-generation network, using 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 a choice in their internet provider as we bring 5G Home to more places,” said Verizon SVP Engineering Heidi Hemmer. “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.”
According to Verizon, offering its millions of customers (both consumers and businesses) increased mobility and broadband service requires deploying new network equipment, including basebands and antennas, on existing towers. The deals signed with both towercos, already long-term partners of the carrier, allow for process improvements, including standardizing and reducing forms and minimizing legal reviews, expediting the deployment of C-band equipment for 5G.
Crown Castle CEO Jay Brown said the company “looks 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.”
SBA Communications’ President and CEO Jeff Stoops noted that the ongoing 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.”
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