Monday, April 26, 2004

Verizon Wireless Spends $1 Billion in Q1 CAPEX

Verizon Wireless has invested more than $1 billion in the first quarter to install new cell sites, grow the network's capacity and engineer countless other service improvements.



Verizon Wireless serves some 39 million customers, operating more than 150 switching facilities and 20,500 cell sites. http://www.verizonwireless.com

  • In March 2004, Verizon Wireless announced equipment contracts with Nortel Networks and Lucent Technologies for the expansion of its BroadbandAccess 3G service across the U.S. The company also announced agreements with SK Telecom, Citrix and Zumasys. Verizon Wireless' BroadbandAccess, which will be launched in many major U.S. cities later this year, is powered by a CDMA2000 1xEV-DO (Evolution-Data Optimized) 3G technology. The network offers average user speeds of 300-500 kbps.