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Verizon Signs $8.3 Billion Deal to Expand 5G Network

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Jul 16, 2021, 11:21 AM by Rich Brome

Verizon has entered into a multi-year, $8.3 billion deal with Ericsson to expand Verizon's 5G network. The deal covers new mid-band coverage in the C band, as well as continued build-out of existing low-band and mmWave networks. The C band should offer a better balance of data speeds and coverage than most frequency bands currently in use for 5G. The deal with Ericsson includes Massive MIMO technology, which uses an array of 32–64 antennas to improve network capacity. Verizon has told investors it plans to spend $10 billion over the next three years to deploy 5G in the C band. Verizon spent $45 billion for its C band licenses, far more than any other company in that auction.

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