Verizon statement on FAA 5G C-Band agreement

Rhea-AI Summary

The Federal Aviation Administration (FAA) announced an agreement allowing Verizon to deploy C-Band spectrum near U.S. airports, enhancing its 5G services. Craig Silliman, Verizon's Executive VP, stated that the agreement will enable a staged removal of voluntary 5G deployment limitations around airports, benefiting consumers and businesses. This collaboration, involving the FAA, FCC, and aviation industry, marks a significant step for 5G expansion.

Verizon, a leading global provider of communication and technology services, generated $128.3 billion in revenue in 2020.

Positive

• Agreement with FAA allows full deployment of C-Band spectrum for 5G near airports.
• Staged removal of 5G deployment limitations increases consumer and business access to advanced technology.
• Collaborative effort with FAA, FCC, and aviation sector supports robust 5G rollout.

Negative

• None.

BASKING RIDGE, N.J., June 17, 2022 (GLOBE NEWSWIRE) -- Today, the Federal Aviation Administration announced that an agreement has been reached regarding the deployment of C-Band spectrum near U.S. airports. The following statement may be attributed to Craig Silliman, Executive Vice President and Chief Administrative Officer for Verizon:

“Today’s announcement identifies a path forward that will enable Verizon to make full use of our C-Band spectrum for 5G around airports on an accelerated and defined schedule. Under this agreement reached with the FAA, we will lift the voluntary limitations on our 5G network deployment around airports in a staged approach over the coming months meaning even more consumers and businesses will benefit from the tremendous capabilities of 5G technology. This progress is the result of months of close collaboration with the FAA, FCC and aviation industry, and sets the stage for continued, robust 5G deployment.”

Verizon Communications Inc. (NYSE, Nasdaq: VZ) was formed on June 30, 2000 and is 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 $128.3 billion in 2020. 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:
Rich Young
Richard.J.Young@verizon.com

FAQ

What did Verizon announce regarding C-Band spectrum deployment near airports?

Verizon announced an agreement with the FAA to fully deploy C-Band spectrum for 5G around airports.

How will the agreement with the FAA benefit Verizon's 5G services?

The agreement will enable Verizon to lift voluntary limitations on 5G deployment, providing enhanced services to consumers and businesses.

What are the expected outcomes of the staged approach to 5G deployment?

The staged approach is expected to significantly increase access to 5G technology for consumers and businesses around airports.

What was Verizon's revenue in 2020?

Verizon generated revenues of $128.3 billion in 2020.

Who is Craig Silliman in relation to Verizon's recent announcement?

Craig Silliman is the Executive Vice President and Chief Administrative Officer for Verizon.