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.
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.