Verizon Gets Full Access to 5G C-Band Spectrum. Why it Matters.

Verizon Gets Full Access to 5G C-Band Spectrum. Why it Matters.
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Verizon Gets Full Access to 5G C-Band Spectrum. Why it Matters.

Verizon Communications said Monday it secured full access to the 5G C-Band spectrum, allowing for swifter speeds and enhanced connectivity across a wider range of regions.

The carrier had spent $53 billion in 2021 to purchase C-band Spectrums—known for balancing coverage and speed—but full access was hindered by aviation safety concerns. The availability, which came in ahead of the December deadline, will now allow Verizon to offer the better bandwidth to 406 markets, up from the current 359 markets.

“We see this as a very important announcement,” wrote Oppenheimer analyst Timothy Horan in a note. It will enable the company to get more aggressive selling unlimited bundles, and hotspot capacity, he added, rating the stock at Outperform with a price target of $43.

“This will boost Verizon’s fixed wireless broadband subscriber additions” and “also help their competitive position in mobile in” the second half of 2023, wrote New Street’s Jonathan Chaplin.

Despite the positive news, Verizon’s stock traded largely flat at $33.41 on Monday, possibly since the update was already in the cards for this year.

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