Verizon announced that the addition of the C-band assets announced recently will provide even greater 5G availability, speed and capacity for 5G mobility and 5G Home customers.
This month alone, Verizon is expanding 5G Home Internet service to 10 more cities. In roughly the next 12 months, Verizon said it will have incremental 5G bandwidth available to 100 million people, delivering 5G Ultra Wideband performance on C-Band spectrum.
Additionally, Verizon said it will increase total fixed wireless internet services to 15 million homes by the end of 2021.
Verizon succeeded in more than doubling its existing mid-band spectrum holdings by adding an average of 161 MHz of C-Band nationwide for $52.9 billion including incentive payments and clearing costs. Verizon won between 140 and 200 megahertz of C-Band spectrum in every available market. In the next 12 months, Verizon expects to have incremental 5G bandwidth via the new spectrum available to 100 million people in the initial 46 markets, delivering 5G Ultra Wideband performance on C-Band spectrum.
Ronan Dunne, CEO, Verizon Consumer Group
We continue to lead the industry with ever-expanding broadband and mobility options for our customers, and our new C-band spectrum holdings, in combination with our extensive mmWave spectrum holdings, will only accelerate that for customers.
