Verizon Readies $10B Mid-Band 5G Network Upgrade

March 12, 2021

Verizon has been driving 5G innovation and deployment for years and the addition of the C-band assets announced yesterday 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. Beginning March 18, customers in parts of Cleveland, OH; Las Vegas, NV; Louisville, KY; Omaha, NE and San Diego, CA can sign up for the blazing fast internet service. And on March 25, 5G Home Internet launches in parts of Charlotte, NC; Cincinnati, OH; Hartford, CT; Kansas City, MO and Salt Lake City, UT.

In roughly the next 12 months, Verizon will have incremental 5G bandwidth available to 100 million people, delivering 5G Ultra Wideband performance on C-Band spectrum. Additionally, we will increase total fixed wireless internet services to 15 million homes by the end of 2021.

“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,” said Ronan Dunne, CEO, Verizon Consumer Group. “5G internet disrupts the current delivery of broadband internet service and provides speed and reliability, possible only because of our winning network combination. That’s 5G Built Right.”

In addition, Verizon is committing to an additional $10 billion in capital expenditures over the next three years to deploy C-Band as quickly as possible. This spend will be in addition to the current capital expenditure guidance of $17.5B-$18.5B for 2021, which is expected to be at comparable levels through 2023.

Why 5G Home Internet?

No data limits. It’s truly unlimited broadband service with no throttling.
It’s fast. Customers can experience speeds up to 1 Gbps.
It’s affordable. Just $50 a month for Verizon customers with a qualifying mobile plan, and $70 a month for non-Verizon customers. Taxes and fees are included.
Easy self set-up. With the Verizon 5G Internet Gateway, there’s no waiting on the cable installer, just open the box, set up the device and your home is connected.
Cool Freebies. For entertainment needs, customers get a free Stream TV device and the discovery+ streaming service for 12 months on us.