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Verizon Intends to Participate in the Upcoming Spectrum Auctions

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Verizon plans to acquire additional spectrum for 5G

The FCC (Federal Communications Commission) is planning to run its first-ever 28 GHz (gigahertz) and 24 GHz millimeter wave (or mmWave) spectrum auctions in November. These licenses are expected to help mobile operators accelerate the development of their 5G (fifth-generation) networks.

Wireless carriers such as Verizon (VZ), T-Mobile (TMUS), and AT&T (T), which expect to start offering 5G services nationally over the next few years, have expressed interest in the upcoming FCC spectrum auctions.

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Peer comparison

Wireless service providers are expecting 5G services to expand their revenue opportunities. Verizon’s total revenue is expected to have risen ~2.5% YoY (year-over-year) to $32.5 billion in the quarter that ended on September 30. In comparison, AT&T’s total revenue is expected to have risen ~15.0% YoY to $45.6 billion in the quarter, while T-Mobile’s total revenue is expected to have risen ~6.8% YoY to $10.7 billion. Sprint’s (S) total revenue is expected to have risen ~0.9% YoY to $8.0 billion in the same quarter.

Verizon finished the second quarter with 152.7 million wireless customers compared to AT&T’s 147.3 million customers. T-Mobile and Sprint closed the same quarter with 75.6 million and 53.7 million wireless customers, respectively.

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