Verizon boosts investment in Texas
Verizon responds to Texas population surge
On May 18, 2022, Verizon announced a $97.9 million increase in capital spending to accommodate an influx of over 200,000 new wireless customers in Texas since January 2020. The company reported significant data traffic growth, with Dallas up 81.3% and Austin soaring 323.2%. This investment aims to enhance 4G LTE and 5G services amid ongoing network expansion, following over $2 billion invested in Texas during 2020-2021.
- Verizon commits an additional $97.9 million to capital spending in Texas.
- Over $2 billion invested in Texas during 2020-2021 to enhance network capacity.
- Significant data traffic growth highlights increased customer demand.
- None.
Company responds to recent pandemic-related increase in population
DALLAS, May 18, 2022 (GLOBE NEWSWIRE) -- Since the beginning of the pandemic, Texas has seen a large increase in individuals moving to the Lone Star state. Verizon is responding to Texas’ exponential and unexpected population increase by allocating an additional
From January 2020 to April of this year, more than 200,000 Verizon wireless customers have moved to Texas, and data traffic has spiked. Since January 2020, busy-hour traffic in Dallas increased
“The pandemic changed many things about how and where people use their Verizon service,” said Kyle Malady, EVP and President, Global Networks and Technology. “We are committed to delivering the very best possible network experience to our customers, including those who are permanently changing locations to Texas and other places. We revised our forecasting models and are pouring additional capital into the state to grow our coverage and capacity to meet the increased demands.”
Recent and ongoing network expansion
Massive investments the last two years have added much needed capacity to the network and have accelerated network expansions and 5G growth, both in mobility and fixed wireless access. In 2020 and 2021, Verizon invested over
Consistent capital investments based on consumer usage growth models are critical in order to stay ahead of demand. The increase of more than 200,000 devices has shifted those investment models, so in addition to the annual capital expenditure budgets allocated for Texas, Verizon will invest
Investments over the next two years will include building nearly 6,000 new network solutions including new macro towers, small cell sites and repeaters to increase 4G LTE capacity and coverage, expanding 5G Ultra Wideband service in areas where 5G currently is and to new markets throughout Texas, expanding the underlying fiber footprint that carries data throughout the network and supporting Texans and first responders in the upcoming hurricane season. Verizon will also enhance coverage at major population centers and gathering places including NRG Stadium, BBVA Stadium, Toyota Stadium, Alamodome, Circuit of The Americas, the Austin Convention Center, the San Antonio HB Gonzales Convention Center, the PGA area in Little Elm, DFW Airport, Love Field Airport, and George Bush Airport.
Verizon remains keenly focused on Texas and providing a highly reliable network to meet the growing needs in the state.
Media contact:
Karen Schulz
864.561.1527
Karen.Schulz@verizon.com
FAQ
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