Verizon sets 5G targets for 2021

first_img Tags AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore4 26 JAN 2021 Home Verizon sets 5G targets for 2021 Previous ArticleCellnex closes latest CK Hutchison tower dealNext ArticleIBM targets 5G services with latest Telefonica tie-up Diana is Mobile World Live’s US Editor, reporting on infrastructure and spectrum rollouts, regulatory issues, and other carrier news from the US market. Diana came to GSMA from her former role as Editor of Wireless Week and CED Magazine, digital-only… Read more Diana Goovaerts Related Verizon shuffles executives Amazon reels in MGM Author Verizon detailed wide-ranging network expansion plans for 2021, outlining goals to nearly double the number of cities covered by its mmWave-based 5G home internet and mobile edge compute (MEC) services.On its 2020 earnings call, CEO Hans Vestberg (pictured) said it has a “big year” ahead, noting it aims to add 14,000 mmWave 5G sites to raise its total to more than 30,000 by the year-end.He added the deployment will allow it to expand the footprint of its mmWave-based 5G mobile and home internet services to at least an additional 20 cities each. It also plans to add MEC sites in ten more cities.By end-2020, Verizon had deployed mmWave-based mobile 5G in 61 cities; home broadband in 12; and MEC in ten.FinancialsNet profit in Q4 2020 dropped 9.6 per cent year-on-year to $4.7 billion, with revenue flat at $34.7 billion.Wireless revenue was flat at $25.1 billion, comprised of service turnover of $16.7 billion (up 2.2 per cent); equipment sales of $6.4 billion (5.1 per cent lower) and other at $2 billion (broadly flat).Verizon added 653,000 mobile subscribers, down from 1.1 million: of this, additions of high-value post-paid phone customers accounted for 279,000, compared with the 791,000 it added in Q4 2019.Its Media unit posted its first quarter of year-on-year growth since 2017, with revenue up 11.4 per cent to $2.3 billion.For 2021, Verizon forecast revenue growth of at least 2 per cent and capex of between $17.5 billion and $18.5 billion.Vestberg said it expects headwinds related to Covid-19 (coronavirus) to continue, highlighting roaming revenue and “subdued” activity among small and medium businesses as key challenges. Subscribe to our daily newsletter Back Verizon sorts sensor supremo Q4 earningsVerizonlast_img read more

Balkan bids called

first_imgTENDERS are due by August 17 for construction of the 25 km Slovenian section of the Murska Sabota – Hodos – Zalalovo link to Hungary. Formally approved by the two governments last year (RG 7.97 p432), the 44 km link will be partially funded from the European Union’s Phare programme. Costing Ecu80m, the line is to be completed by the end of 2000.East-west routes across Slovenia are to be upgraded extensively over the next five years under the EU’s Crete Corridor V package, including renewal of signalling and power supplies and a programme of level crossing replacements. Transport Secretary Slavko Hanzel hopes to call tenders shortly for reconstruction of SZ’s western line from Divaca to the port of Koper. Work is expected to start in 2001 on a 50 km double-track alignment costing Ecu250m, for completion by 2004.EU funding will also boost the Slovenian section of Corridor X, which links the Austrian border at Jesenice with the Croatian border at Obrejke. This will include double-tracking of the northern part and upgrading for 160 km/h. SZ’s aim is to run international and inter-city services with 250 km/h tilting trains. olast_img read more