Verizon (VZ) Partners With Array to Expand 5G Network

Verizon Communications Inc. (NYSE:VZ) is included among the 12 Best Dogs of the Dow to Invest in.

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On December 16, Verizon Communications Inc. (NYSE:VZ) and Array Digital Infrastructure announced a new strategic partnership aimed at strengthening Verizon’s 5G network. The deal gives Verizon access to Array’s nationwide tower footprint, helping the carrier expand coverage and deliver a faster, more reliable experience for customers.

The agreement runs for multiple years and allows Verizon Communications Inc. (NYSE:VZ) to place its equipment on a large number of newly built Array tower sites over time. It also introduces a simplified pricing model for those locations, which is designed to improve cost efficiency and provide more predictable, long-term economics.

Phillip French, Vice President of Engineering for Verizon, made the following statement:

“This strategic partnership with Array is a key part of our network tower management strategy. It provides us with the nimbleness and flexibility to manage our network portfolio efficiently. The streamlined agreement allows for greater cost efficiency and, most importantly, accelerates our ability to deploy advanced wireless technologies to Verizon customers across the nation.”

Array owns and operates roughly 4,400 towers across the US, stretching from coast to coast. That footprint supports the rollout of 5G and other wireless technologies in a wide range of markets.

Verizon Communications Inc. (NYSE:VZ) is one of the largest technology and telecommunications companies in the U.S. Its offerings include wireless services across 5G and 4G, home internet through Fios fiber and 5G, along with TV, phone, and a range of advanced technology solutions.

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Disclosure: None.