A useful 5G network is much broader than what VZ currently has set up in the mmWave range (high-band, >6GHz, high-speed, low propagation)
Verizon's next 5G investment is to build out the mid-band portion of its 5G network, in the C-Band (mid-band, 3.7-3.98 GHz, good speed, good propagation)
VZ spent $54B on C-Band spectrum in March, then committed to spend an additional $10B over the next 3 years to deploy towers to use that spectrum, and that's above the $18B they had already planned on mid-band 5G CAPEX
VZ is taking on a lot of debt to build out the mid-band portion of its 5G network, and this sale will help them chip away at that huge mountain of debt
Verizon's next 5G investment is to build out the mid-band portion of its 5G network, in the C-Band (mid-band, 3.7-3.98 GHz, good speed, good propagation)
VZ spent $54B on C-Band spectrum in March, then committed to spend an additional $10B over the next 3 years to deploy towers to use that spectrum, and that's above the $18B they had already planned on mid-band 5G CAPEX
VZ is taking on a lot of debt to build out the mid-band portion of its 5G network, and this sale will help them chip away at that huge mountain of debt