{"id":177483,"date":"2021-01-26T16:30:32","date_gmt":"2021-01-26T16:30:32","guid":{"rendered":"https:\/\/www.mobileworldlive.com\/?p=307775"},"modified":"2021-01-26T16:30:32","modified_gmt":"2021-01-26T16:30:32","slug":"verizon-sets-5g-targets-for-2021","status":"publish","type":"post","link":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/2021\/01\/26\/verizon-sets-5g-targets-for-2021\/","title":{"rendered":"Verizon sets 5G targets for 2021"},"content":{"rendered":"

<\/p>\n

\tVerizon 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.<\/p>\n

On its 2020 earnings call,\u00a0CEO Hans Vestberg (pictured) said it has a \u201cbig year\u201d ahead, noting it aims to add 14,000 mmWave 5G sites to raise its total to more than 30,000 by the year-end.<\/p>\n

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.<\/p>\n

By end-2020, Verizon had deployed mmWave-based mobile 5G in 61 cities; home broadband in 12; and MEC in ten.<\/p>\n

Financials
\nNet profit in Q4 2020 dropped 9.6 per cent year-on-year to $4.7 billion, with revenue flat at $34.7 billion.<\/p>\n

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).<\/p>\n

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.<\/p>\n

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.<\/p>\n

For 2021, Verizon forecast revenue growth of at least 2 per cent and capex of between $17.5 billion and $18.5 billion.<\/p>\n

Vestberg said it expects headwinds related to Covid-19 (coronavirus) to continue, highlighting roaming revenue and \u201csubdued\u201d activity among small and medium businesses as key challenges.<\/p>\n\n

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Verizon detailed wide-ranging network expansion plans for 2021, outlining goals to nearly double the number …<\/p>\n

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