Verizon gives the gift of upgraded wireless service to customers in Tucson
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Insights
The expansion of Verizon's cell sites in Tucson, AZ, which includes the enhancement of 4G and the deployment of 5G Ultra Wideband services, is indicative of the company's ongoing infrastructure investment to improve network reliability and capacity. This development is significant for various stakeholders, including individual consumers, small businesses and public safety agencies, all of whom stand to benefit from increased connectivity and faster internet speeds.
From an industry perspective, such investments are critical as telecom companies compete on network quality and coverage, especially with the advent of 5G technology. Enhanced coverage can lead to increased customer satisfaction and potentially more subscribers, which in turn could positively affect Verizon's revenue streams and competitive positioning within the telecommunications sector. However, the financial impact will depend on the additional operational costs associated with the new infrastructure and the rate of customer adoption.
For investors, the long-term benefits may include sustained growth in customer base and retention, as well as the potential for new services and revenue models enabled by 5G capabilities. Conversely, the capital expenditure required for such network expansions must be carefully managed to ensure a favorable return on investment.
Verizon's investment in network infrastructure, particularly in expanding 5G Ultra Wideband services, aligns with the broader industry trend of substantial capital expenditure in next-generation wireless technology. These investments are typically scrutinized by investors for their impact on the company's balance sheet and cash flow statements. The expectation is that the resulting network improvements should translate into higher data usage, more robust customer acquisition and retention and the introduction of new revenue-generating services.
While the upfront costs are considerable, the strategic deployment in high-traffic areas suggests a focus on maximizing the return on investment through targeted enhancements where demand is expected to be strongest. The move also reflects an anticipation of growing data consumption patterns and the evolution of smart home technologies, which require robust back-end support.
It is essential to monitor the subscriber growth and average revenue per user (ARPU) in subsequent financial reporting periods to gauge the success of such infrastructure investments. Additionally, the impact on Verizon's operating margins and long-term debt levels will be areas of interest for financial stakeholders.
The rollout of improved 4G and 5G services by Verizon in Tucson could have broader economic implications for the area. Enhanced connectivity is a key driver of economic activity, potentially leading to increased productivity for local businesses and attracting new enterprises that rely on high-speed internet. This can contribute to job creation and economic diversification.
Moreover, the availability of advanced telecommunications infrastructure is a critical factor in urban and regional development. It can influence real estate values, educational opportunities and overall quality of life, which in turn can affect demographic trends and long-term economic growth prospects for the region.
However, the economic impact will not be uniform across all sectors or demographics. There may be a digital divide where certain populations may not equally benefit from the network enhancements due to socioeconomic factors. Policymakers and community leaders will need to consider strategies to ensure inclusive access to the benefits of improved connectivity.
New cell sites added in Tucson delivering reliable 4G and high-performing 5G Ultra Wideband service
IRVING, Texas, Dec. 20, 2023 (GLOBE NEWSWIRE) -- Verizon recently turned on new cell sites in Tucson, AZ, bringing reliable 4G and high-speed 5G Ultra Wideband service to residents and visitors. Whether enjoying connecting with friends and family while on the move, connecting their smart homes through Verizon Home Internet, or using Verizon service for small business or enterprise applications, Verizon customers in Tucson just got a big boost.
The new cell sites provide improved coverage and capacity:
- Near the intersection of La Cañada and Naranja Drives on the north side of Tucson
- Near the intersection of I-10 and Craycroft Road on the south side of town
- Near the intersection of Grant and Silverbell Roads on the west side of town
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 customers’ connectivity needs where they live, work, and play. Our reliable, secure network connects families, friends, homes and businesses in Tucson with our best-in-class 5G Ultra Wideband network,” said Phillip French, VP of Engineering and Operations at Verizon.
Services from the network customers rely on
For customers in Tucson, 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 Tucson will also be able to experience the benefits of these network enhancements. To learn more about Verizon Frontline, visit verizon.com/frontline.
Area businesses 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
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MEDIA CONTACT:
Lauren Peterson
214.662.3801
lauren.peterson@verizon.com
FAQ
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