{"id":757025,"date":"2023-05-09T22:20:15","date_gmt":"2023-05-10T02:20:15","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/verizon-signs-deal-with-vertical-bridge-for-rapid-expansion-of-new-cell-towers\/"},"modified":"2023-05-09T22:20:15","modified_gmt":"2023-05-10T02:20:15","slug":"verizon-signs-deal-with-vertical-bridge-for-rapid-expansion-of-new-cell-towers","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/verizon-signs-deal-with-vertical-bridge-for-rapid-expansion-of-new-cell-towers\/","title":{"rendered":"Verizon signs deal with Vertical Bridge for rapid expansion of new cell towers"},"content":{"rendered":"

\nAgreement creates new profit share model while speeding deployment of 4G and 5G Ultra Wideband service
\n<\/h2>\n
\n

NEW YORK, May 09, 2023 (GLOBE NEWSWIRE) — Verizon and Vertical Bridge have entered into an agreement to build cell towers across the US to expand Verizon\u2019s 4G and 5G Ultra Wideband services. Vertical Bridge has agreed to construct these towers to-suit with Verizon as the anchor tenant. The towers will be held in an LLC formed by Vertical Bridge in which Verizon has a profits interest. The new towers will add to the overall communications infrastructure in the US, and will help to fulfill the need for new locations where towers do not exist today to continue to enhance the wireless experience.<\/p>\n

\u201cOur new agreement with Vertical Bridge is an excellent alternative to the traditional tower leasing model. This cost-effective, sustainable and efficient model will allow us to accelerate our build program and provide additional services to customers,\u201d said Lynn Cox, Chief Engineering Officer for Verizon. \u201cWe continue to focus on technology innovation and fast deployment to enable greater connectivity for our customers.\u201d<\/p>\n

\u201cThis new model, designed to deliver value for both parties, is a demonstration of strong collaboration and mutual benefit between a carrier and a tower company to accelerate infrastructure development in the US,\u201d said Ron Bizick, President and CEO, Vertical Bridge. \u201cWe are committed to rapidly building the infrastructure needed to drive the wireless telecommunications industry forward.\u201d<\/p>\n

The comprehensive solution at scale provides an outstanding opportunity to deliver value and meet Verizon\u2019s wireless infrastructure needs for years to come.<\/p>\n

Verizon Communications Inc. (NYSE, Nasdaq: VZ) was formed on June 30, 2000 and is one of the world\u2019s leading providers of technology and communications services. Headquartered in New York City and with a presence around the world, Verizon generated revenues of $136.8 billion in 2022. The company offers data, video and voice services and solutions on its award-winning networks and platforms, delivering on customers\u2019 demand for mobility, reliable network connectivity, security and control.<\/p>\n

VERIZON\u2019S ONLINE MEDIA CENTER: News releases, stories, media contacts and other resources are available at verizon.com\/news<\/u><\/a>. News releases are also available through an RSS feed. To subscribe, visit www.verizon.com\/about\/rss-feeds\/<\/u><\/a>.<\/p>\n

\n MEDIA CONTACT:<\/strong>
\n
Karen Schulz
864.561.1527
Karen.schulz@verizonwireless.com<\/a><\/p>\n

\n
\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

Agreement creates new profit share model while speeding deployment of 4G and 5G Ultra Wideband service NEW YORK, May 09, 2023 (GLOBE NEWSWIRE) — Verizon and Vertical Bridge have entered into an agreement to build cell towers across the US to expand Verizon\u2019s 4G and 5G Ultra Wideband services. Vertical Bridge has agreed to construct these towers to-suit with Verizon as the anchor tenant. The towers will be held in an LLC formed by Vertical Bridge in which Verizon has a profits interest. The new towers will add to the overall communications infrastructure in the US, and will help to fulfill the need for new locations where towers do not exist today to continue to enhance the wireless experience. \u201cOur … <\/p>\n

Continue reading “Verizon signs deal with Vertical Bridge for rapid expansion of new cell towers”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-757025","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nVerizon signs deal with Vertical Bridge for rapid expansion of new cell towers - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/verizon-signs-deal-with-vertical-bridge-for-rapid-expansion-of-new-cell-towers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Verizon signs deal with Vertical Bridge for rapid expansion of new cell towers - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Agreement creates new profit share model while speeding deployment of 4G and 5G Ultra Wideband service NEW YORK, May 09, 2023 (GLOBE NEWSWIRE) — Verizon and Vertical Bridge have entered into an agreement to build cell towers across the US to expand Verizon\u2019s 4G and 5G Ultra Wideband services. Vertical Bridge has agreed to construct these towers to-suit with Verizon as the anchor tenant. The towers will be held in an LLC formed by Vertical Bridge in which Verizon has a profits interest. The new towers will add to the overall communications infrastructure in the US, and will help to fulfill the need for new locations where towers do not exist today to continue to enhance the wireless experience. \u201cOur … Continue reading "Verizon signs deal with Vertical Bridge for rapid expansion of new cell towers"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/verizon-signs-deal-with-vertical-bridge-for-rapid-expansion-of-new-cell-towers\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-10T02:20:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODgzNTYwMCM1NTg1MjQxIzIwMDg2NjQ=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/verizon-signs-deal-with-vertical-bridge-for-rapid-expansion-of-new-cell-towers\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/verizon-signs-deal-with-vertical-bridge-for-rapid-expansion-of-new-cell-towers\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Verizon signs deal with Vertical Bridge for rapid expansion of new cell towers\",\"datePublished\":\"2023-05-10T02:20:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/verizon-signs-deal-with-vertical-bridge-for-rapid-expansion-of-new-cell-towers\\\/\"},\"wordCount\":386,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/verizon-signs-deal-with-vertical-bridge-for-rapid-expansion-of-new-cell-towers\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODgzNTYwMCM1NTg1MjQxIzIwMDg2NjQ=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/verizon-signs-deal-with-vertical-bridge-for-rapid-expansion-of-new-cell-towers\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/verizon-signs-deal-with-vertical-bridge-for-rapid-expansion-of-new-cell-towers\\\/\",\"name\":\"Verizon signs deal with Vertical Bridge for rapid expansion of new cell towers - 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