FCC plan for mid-band auction is a major step in boosting U.S. leadership in 5G
February 06 2020 - 02:12PM
FCC Chairman Ajit Pai earlier today announced a bold plan to hold
an auction for 280 Megahertz of "C-band" spectrum before the end of
the year. The following may be attributed to Hans Vestberg,
Chairman and Chief Executive Officer, Verizon:
"Today is a monumental day in our nation’s efforts to maintain
wireless leadership in 5G. Chairman Pai’s historic announcement
sets forth a bold vision for bringing much needed mid-band spectrum
to auction this year. Most importantly, his plan ensures that this
critical spectrum is not only auctioned quickly, but cleared on an
accelerated basis. This speedy transition will undoubtedly ensure
that the US will preserve its global leadership in 5G and will
produce hundreds of billions of dollars in economic benefits for
the country."
Verizon Communications Inc. (NYSE, Nasdaq: VZ) was formed on
June 30, 2000 and is celebrating its 20th year as one of the
world’s leading providers of technology, communications,
information and entertainment products and services. Headquartered
in New York City and with a presence around the world, Verizon
generated revenues of $131.9 billion in
2019. The company offers voice,
data and video services and solutions on its award winning networks
and platforms, delivering on customers’ demand for
mobility, reliable network connectivity, security and
control.
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Media contact:Rich
Young908.559.3477richard.j.young@verizon.com
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