Verizon gives the gift of upgraded wireless service to North Texas communities
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Insights
Verizon's expansion of 4G and 5G Ultra Wideband services in North Texas is a strategic move that addresses the increasing demand for high-speed wireless connectivity, a trend that is becoming ubiquitous across the globe. This infrastructure enhancement is likely to have a positive effect on Verizon's customer satisfaction and retention, as well as potentially attracting new customers in the area.
The deployment in key areas such as Frisco Station and the Ford Center indicates a focus on high-traffic commercial and residential areas, which could lead to increased usage and higher data consumption. This, in turn, may translate into higher average revenue per user (ARPU) for Verizon, an important metric for investors monitoring telecom companies' performance.
Additionally, the mention of Verizon Frontline suggests an emphasis on specialized services for public safety agencies, which could open up new revenue streams and strengthen Verizon's competitive position in the telecommunications sector. The long-term implications of this expansion could include a stronger network infrastructure capable of supporting emerging technologies and the future rollout of even more advanced wireless services.
Verizon's network expansion in North Texas reflects a capital investment that is likely to be scrutinized for its return on investment (ROI). Investors will be interested in the impact of these new cell sites on Verizon's operational costs and how they might contribute to the company's top and bottom lines. The expansion could lead to increased market share in the region and a stronger competitive edge against rivals.
From a financial perspective, the key factors to watch in subsequent quarters will be the growth in subscriber numbers, improvements in network utilization and the potential for upselling higher-tier plans to existing customers. It's also important to consider the capital expenditure (CapEx) associated with these rollouts and how it fits into Verizon's overall financial strategy.
Lastly, the enhancement of both 4G and 5G services could be seen as a hedge against the risk of technological obsolescence, ensuring that Verizon's network remains relevant as customer demands evolve. This forward-looking approach might be well-received by investors who are focused on sustainable growth in the rapidly changing telecom industry.
The introduction of 5G Ultra Wideband service by Verizon in the North Texas area is a significant step in the telecom industry, as it represents the ongoing transition to next-generation connectivity. The upgrade from 4G to 5G is not just about speed; it's about the capacity to enable a wide range of new applications and services, including the Internet of Things (IoT), autonomous vehicles and smart city technologies.
Verizon's investment in the infrastructure required to support these technologies places the company at the forefront of the 5G race, which is expected to become a key differentiator in the telecom sector. The ability to provide reliable and fast connectivity is crucial for businesses and may lead to increased B2B opportunities for Verizon, as enterprises look to leverage 5G for digital transformation initiatives.
Furthermore, the expansion into residential areas with the promise of reliable home internet service positions Verizon to capitalize on the growing remote work trend, which has led to a higher demand for home broadband solutions. This strategic move could help Verizon diversify its customer base and reduce churn by offering bundled services that cater to both mobile and home internet needs.
New cell sites added in Frisco, Aubrey, Prosper, Addison, and McKinney 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 Frisco, Aubrey, Prosper, Addison, and McKinney, TX, 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 these North Texas towns just got a big boost.
In Frisco, one of Texas’ fastest growing cities, the upgraded service serves Frisco Station, a 242 acre mixed-use development, the Ford Center, and the areas surrounding Dallas North Tollway and Lebanon Road.
In Aubrey, the new site will help support new development in the community around Highway 377, which is expanding to accommodate population growth in the area.
In Prosper, the new cell site will support the community in the area around Gentle Creek Country Club and the busy Custer Road, as well as new schools currently in development to support the rapid population growth.
In Addison, a new site serves the busy residential and commercial areas near the Dallas North Tollway and Interstate 635, including the Galleria Mall. This site will also service the future Dallas Midtown development, a 250,000 square-foot mixed-use project.
A new site in McKinney along Independence Parkway will provide users with coverage and capacity where they had previously struggled.
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 North Texas 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 these North Texas communities, 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 areas in North Texas 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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FAQ
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