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Verizon delivers expanded wireless service to several Ohio towns

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Verizon (VZ) expands 4G and 5G coverage in Ohio towns with new cell sites, offering improved mobile and home internet service.
Positive
  • Verizon's addition of new cell sites in Chagrin Falls, Columbia Station, Cuyahoga Falls, Dalton, Delaware, Grafton, Hubbard, Litchfield, Ravenna, Rootstown, Sunbury, and Youngstown has significantly improved 4G and 5G coverage in these communities.
  • The upgraded service not only provides faster speeds and better network performance for mobile users but also offers Verizon Home Internet service, a reliable broadband service with no data caps, ideal for streaming, gaming, and remote work.
  • Verizon's commitment to delivering the most reliable 5G network experience and personalized customer experiences is highlighted in this network transformation, which has brought 5G service to over 230 million people and 5G home internet service to over 40 million households.
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Insights

The expansion of 4G and 5G networks by Verizon in various Ohio communities represents a strategic investment in infrastructure aimed at enhancing connectivity and network performance. This development is significant for businesses and the stock market as it potentially increases Verizon's market penetration and customer satisfaction, which can lead to higher revenues and a stronger competitive position.

From a telecommunications perspective, the deployment of new cell sites in both urban and rural areas is a notable advancement. It improves service quality and coverage, which are critical factors in customer retention and acquisition. The mention of specific benefits such as connectivity for smart homes, small businesses and enterprise applications indicates that Verizon is targeting a broad customer base, from individual consumers to larger organizations.

For stakeholders, the short-term implications include improved customer experience and potential growth in subscriber numbers. In the long term, the robust network infrastructure can facilitate the adoption of emerging technologies and support data-intensive applications, driving further business opportunities for Verizon.

However, the capital expenditure associated with network expansion must be considered, as it can impact profitability margins. Additionally, the telecommunications industry is highly competitive and continuous investment is required to maintain technological leadership.

Verizon's announcement of enhanced 4G and 5G coverage in Ohio is a forward-looking move that is likely to have a positive financial impact on the company. The investment in network infrastructure is an indicator of Verizon's commitment to maintaining a high-quality service offering, which is essential for customer loyalty and attracting new subscribers.

Financially, the expansion into new areas, particularly underserved rural locations, opens up additional revenue streams. It can lead to an increase in the customer base for both mobile and home internet services. Furthermore, the mention of Verizon Frontline suggests an expansion into specialized services for public safety agencies, which could represent a stable and recurring revenue source.

Investors should monitor the efficiency of capital deployment and the resulting growth in subscriber numbers and average revenue per user (ARPU). These metrics will be critical in evaluating the success of the network expansion and its impact on Verizon's bottom line.

New cell sites added in Chagrin Falls, Columbia Station, Cuyahoga Falls, Dalton, Delaware, Grafton, Hubbard, Litchfield, Ravenna, Rootstown, Sunbury, and Youngstown delivering high-performing 4G and 5G service

NEW YORK, Dec. 19, 2023 (GLOBE NEWSWIRE) -- Residents in Chagrin Falls, Columbia Station, Cuyahoga Falls, Dalton, Delaware, Grafton, Hubbard, Litchfield, Ravenna, Rootstown, Sunbury, and Youngstown just got a big boost to their mobile service as Verizon has turned on new cell sites to offer expanded 4G and 5G coverage in these communities, offering “more bars” along with faster speeds and better network performance. That means they can connect with friends and family while on the move, connect their smart homes through Verizon Home Internet, or use Verizon service for small business or enterprise applications.

Upgrade Details

  • In the rural town of Chagrin Falls, the new site provides upgraded coverage in the residential areas of Auburn Township and southwest of the LaDue Reservoir.
  • In Columbia Station, the upgraded service covers the residential and commercial area of Columbia Station around OH-82 and the Boone Rd. intersection.
  • In Cuyahoga Falls, the new site boosts service along Steels Corners Rd. and State Rd. (OH-8), east of the Blossom Music Center.
  • In the rural town of Dalton, customers will see upgraded service along US-30 and the western part of Dalton.
  • In Delaware, the new site adds coverage to Olentangy Berlin High School in fast-growing Delaware County.
  • In the rural town of Grafton, the upgraded service covers SR-83, northwest of Medina, OH.
  • In Hubbard, customers will benefit from improved service along I-80 between Hubbard, OH and West Middlesex, PA.
  • In the rural town of Litchfield, the site provides upgraded coverage along SR-83 west of Medina, OH.
  • In Ravenna, the upgraded service covers OH-88 between the rural town of Ravenna and OH-303 in northern Portage County.
  • In Rootstown, the new site improves service along I-76 and RT-44 and on the Northeast Ohio Medical University campus.
  • In Sunbury, the site boosts service in town including Big Walnut schools.
  • In Youngstown, the upgraded service covers Boardman High School and the Southwoods Commons shopping plaza.

This work is part of Verizon’s massive multi-year network transformation which has not only brought 5G service to more than 230 million people and 5G home internet service to more than 40 million households, but has also added more capabilities, upgraded the technology in the network, paved the way for personalized customer experiences and provided a platform for enterprises and developers to drive innovation.

“Verizon is committed to delivering the most reliable 5G network experience and meeting our customer’s connectivity needs. Our reliable, secure network connects families, friends, homes and businesses in Ohio with our best-in-class 5G Ultra Wideband network,” said Dean Brauer, VP of Engineering and Operations at Verizon.

Services from the network customers rely on

For customers in these Ohio towns, the additional coverage and capacity means more customers now have access not only to reliable, fast mobile service, but also Verizon Home Internet service, a different kind of home internet with truly unlimited broadband service and no data caps. It’s ideal for anyone who wants super fast connectivity to stream, game or even work remotely. Verizon Home Internet is reliable and fast enough to power home connected devices: smart TVs, tablets, phones, gaming consoles and more. Go to verizon.com/home for availability. For mobility service visit verizon.com/deals for the latest 5G phones and accessories. 

Additionally, through Verizon Frontline, the advanced network and technology developed over three decades of partnership with first responders to meet their unique and evolving needs, public safety agencies in these Ohio communities will also be able to experience the benefits of these network enhancements. To learn more about Verizon Frontline, visit verizon.com/frontline.  

Businesses in these areas also have access to 5G Business Internet from Verizon. 5G Business Internet is ultra-fast wireless business internet powered by 5G Ultra Wideband. This wireless alternative to cable internet is for businesses of all sizes and includes self-setup or professional installation options, multiple pricing and service options, unlimited data, and a 10-year price guarantee for 5G Business Internet service.  To learn more about Verizon 5G Business Internet, visit verizon.com/5gbusinessinternet and plug in an address to see what service is available.

Verizon Communications Inc. (NYSE, Nasdaq: VZ) was formed on June 30, 2000 and is one of the world’s leading providers of technology and communications services. Headquartered in New York City and with a presence around the world, Verizon generated revenues of $136.8 billion in 2022. The company offers data, video and voice services and solutions on its award-winning networks and platforms, delivering on customers’ demand for mobility, reliable network connectivity, security and control.

VERIZON’S ONLINE MEDIA CENTER: News releases, stories, media contacts and other resources are available at verizon.com/news. News releases are also available through an RSS feed. To subscribe, visit www.verizon.com/about/rss-feeds/

MEDIA CONTACT:
Chris Ashraf
201.320.4259
christina.moon.ashraf@Verizon.com


FAQ

What are the new areas where Verizon has added cell sites for improved 4G and 5G coverage?

Verizon has added new cell sites in Chagrin Falls, Columbia Station, Cuyahoga Falls, Dalton, Delaware, Grafton, Hubbard, Litchfield, Ravenna, Rootstown, Sunbury, and Youngstown in Ohio.

What are the benefits of the upgraded service provided by Verizon's new cell sites?

The upgraded service offers faster speeds, better network performance, and expanded coverage for mobile users, along with the availability of Verizon Home Internet service with no data caps, ideal for streaming, gaming, and remote work.

How has Verizon improved its 5G network experience for customers in Ohio towns?

Verizon has committed to delivering the most reliable 5G network experience and personalized customer experiences through its network transformation, bringing 5G service to over 230 million people and 5G home internet service to over 40 million households.

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