Verizon Gets Access to All C-Band Licenses Bought in 2021 Auction
Verizon said Monday it now has access to all the C-band spectrum it bought in a 2021 auction, four months earlier than expected. “Early access to the remainder of the C-band spectrum puts us another four months ahead of schedule…
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from our original projections,” said Joe Russo, president-global networks and technology: “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.” Verizon said the spectrum already covers 222 million people in 359 markets. Verizon can now deploy a minimum 140 MHz in the contiguous U.S. with an average of 161 MHz. The latest development gives the carrier access to up to 200 MHz in 158 “mostly rural markets covering nearly 40 million people,” Verizon said. Verizon will likely push fixed wireless broadband “more aggressively with the increase in capacity,” New Street’s Jonathan Chaplin told investors: “This will boost Verizon’s FWB adds and potentially weigh on Cable broadband adds in 2H23. Verizon’s early access to C-Band will also help their competitive position in mobile in 2H23.” Intelsat, meanwhile, said Monday, it expects to receive nearly $3.7 billion Q4 after completing its C-band frequency clearing. “We reached this milestone well ahead of expectations, and I’m exceptionally proud of the Intelsat team and the hard work that led to this remarkable achievement,” said CEO Dave Wajsgras.