Recent Verizon/Crown Castle Agreement Bodes Well for Digital Locations
February 02 2021 - 3:01AM
Digital Locations, Inc. (DLOC), a developer of 5G small cell sites
for the 5G revolution, today commented that the agreement between
Verizon (NYSE: VZ) and Crown Castle (NYSE: CCI) to add 15,000 small
cell sites over the next 4 years validates its business plan to
focus on enabling small cell networks in the “last square mile” to
deliver true high speed 5G service.
High frequency 5G signals, also known as millimeter wave
(mmWave) signals, cannot travel farther than 100 meters. As a
result, without antennas spaced every few hundred feet apart, 5G
killer apps such as holographic gaming, remote surgery and
self-driving cars are simply not possible.
“The recent agreement between Crowne Castle and Verizon
represents a clear indication of the growing market need to develop
many small cells required to truly offer 5G mmWave coverage,” said
Bill Beifuss, President of Digital Locations. “The field is white
and ready to harvest for companies such as Digital Locations that
are focused on developing the “last square mile” of 5G coverage
needed by the large carriers such as Verizon, AT&T and
T-Mobile.
Mr. Beifuss continued, “We plan to lay the groundwork by
entering into agreements with property owners offering sites that
are most likely to be needed for 5G small cell site development in
the near-future. Site assessment and site acquisition is an
expensive and time-consuming process for the large carriers and
Digital Locations aims to reduce the time and expense to market to
capitalize on this exciting growth opportunity.”
Mr. Beifuss concluded, “It is estimated that 1 million new 5G
small cells will be needed throughout the country to actually
deliver the 5G experience and applications that wireless carriers
have been advertising about. However, we have targeted the last
square mile as the bull’s eye opportunity. Every community or
concentrated area of mobile wireless users will need at least 20
small cell sites to cover a square mile. That is our focus.”
About Digital Locations, Inc.
Digital Locations, Inc., is a developer of cell tower sites for
the 5G revolution. 5G wireless networks are expected to be 100
times faster than current 4G LTE networks. This will enable global
scale killer applications such as self-driving cars, the Internet
of things (IOT), mobile streaming of 4K videos, real-time
hologram-based collaboration, and lag-free high definition gaming.
To realize this vision, many new 5G antennas are needed because
high frequency 5G signals cannot travel farther than 100 meters. It
is estimated that more than 1 million new 5G cell towers must be
added in the United States alone. To rapidly enter the market,
Digital Locations plans to partner or co-develop a portfolio of
cell tower sites to help meet the demands of 5G networks. Our goal
is to become a “landlord” of tomorrow’s wireless communications
assets.
To learn more about Digital Locations please
visit www.digitallocations.com
Safe Harbor Statement
Matters discussed in this press release contain forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. When used in this press release, the words
"anticipate," "believe," "estimate," "may," "intend," "expect" and
similar expressions identify such forward-looking statements.
Actual results, performance or achievements could differ materially
from those contemplated, expressed or implied by the
forward-looking statements contained herein, and while expected,
there is no guarantee that we will attain the aforementioned
anticipated developmental milestones. These forward-looking
statements are based largely on the expectations of the Company and
are subject to a number of risks and uncertainties. These include,
but are not limited to, risks and uncertainties associated with:
the impact of economic, competitive and other factors affecting the
Company and its operations, markets, product, and distributor
performance, the impact on the national and local economies
resulting from terrorist actions, and U.S. actions subsequently;
and other factors detailed in reports filed by the Company.
Press Contact:communications@digitallocations.com(805)
456-7000
Crown Castle (NYSE:CCI)
Historical Stock Chart
From Apr 2024 to May 2024
Crown Castle (NYSE:CCI)
Historical Stock Chart
From May 2023 to May 2024