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Verizon (VZ) Partners With Array to Expand 5G Network
Yahoo Finance· 2025-12-17 19:24
Company Overview - Verizon Communications Inc. is one of the largest technology and telecommunications companies in the U.S., offering wireless services across 5G and 4G, home internet through Fios fiber and 5G, as well as TV, phone, and advanced technology solutions [4] Strategic Partnership - Verizon has entered into a strategic partnership with Array Digital Infrastructure to enhance its 5G network, gaining access to Array's nationwide tower footprint [2] - The agreement spans multiple years, allowing Verizon to place its equipment on numerous newly built Array tower sites, which is expected to improve cost efficiency and provide predictable long-term economics [3] - Phillip French, Vice President of Engineering for Verizon, emphasized that this partnership is crucial for their network tower management strategy, enhancing flexibility and accelerating the deployment of advanced wireless technologies [3] Infrastructure Expansion - Array operates approximately 4,400 towers across the U.S., supporting the rollout of 5G and other wireless technologies in various markets [3]