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OFFON

VERIZON COMMUNICATIONS

(VZ)
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Verizon Announces starts C-Band equipment deployment

04/19/2021 | 01:45pm EDT

Verizon announced that it began installation of C-band equipment from Ericsson and Samsung Electronics Co., Ltd. to speed deployment of its 5G Ultra Wideband and fixed wireless broadband service on its recently acquired C-band spectrum. Verizon secured an average of 161 MHz of C-band spectrum nationwide in the recent FCC auction, which will allow the company to offer expanded mobility and broadband services to millions more consumers and businesses. C-band spectrum provides a valuable middle ground between capacity and coverage for 5G networks, and will enable 5G Ultra Wideband 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, radios and antennas to be placed on existing towers. Verizon tapped Ericsson and Samsung to supply the Radio Access Network (RAN) equipment for this massive deployment. Although the initial spectrum won’t be cleared until the end of this year, Verizon and its vendor partners have already begun the work to ensure the super-fast 5G Ultra Wideband service using C-band is deployed to 100 million customers by March 2022. In the first quarter of 2022, Verizon expects to put into service the new 5G C-band spectrum in the initial 46 markets and to provide 5G Ultra Wideband service to 100 million people. Over 2022 and 2023, coverage is expected to increase to more than 175 million people and by 2024 and beyond, when the remaining C-band spectrum is cleared, more than 250 million people are expected to have access to Verizon’s 5G Ultra Wideband service on C-band spectrum. Verizon’s spectrum bands are contiguous, which will streamline deployment across the mainland United States. Also helping to speed deployment are the recently signed and announced agreements with Verizon’s tower partners, Crown and SBA Communications, which 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. Ericsson is partnering with Verizon to provide its Antenna-Integrated Radio (AIR) product from the Ericsson Radio System portfolio to support Verizon’s network deployment. Ericsson’s solution leverages a superior massive Multiple Input Multiple Output (MIMO) architecture offering high performance through Ericsson Uplink Booster and advanced beamforming technology to provide a better user experience. Recent C-band performance tests have demonstrated record-breaking data rates in both uplink and downlink on a single user device.


© S&P Capital IQ 2021
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Financials (USD)
Sales 2021 135 B - -
Net income 2021 21 815 M - -
Net Debt 2021 144 B - -
P/E ratio 2021 10,3x
Yield 2021 4,67%
Capitalization 225 B 225 B -
EV / Sales 2021 2,73x
EV / Sales 2022 2,67x
Nbr of Employees 132 200
Free-Float 96,5%
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Mean consensus HOLD
Number of Analysts 27
Last Close Price 54,28 $
Average target price 60,45 $
Spread / Average Target 11,4%
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Managers and Directors
Hans Erik Vestberg Chairman & Chief Executive Officer
Matthew D. Ellis Chief Financial Officer & Executive Vice President
Kyle J. Malady Chief Technology Officer & Executive VP
Shankar Arumugavelu Global Chief Information Officer
Craig Silliman Chief Administrative & Legal Officer, Executive VP
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