In the last quarter, Verizon Wireless announced that its LTE coverage build out was completed and its service now available to more than 303 million people in more than 500 markets, but it continues to improve upon the network and push LTE into the AWS Band, according to Fran Shammo, Verizon Wireless CFO.
“Throughout the rest of this year, we will continue to add capacity and optimize our 4G LTE network, ensuring that customers are receiving the quality and consistent reliability that they expect from our network and devices,” he said. Since June, the main emphasis at Verizon Wireless has been increasing capacity and densification.
This month, Verizon Wireless began deploying LTE in the Advanced Wireless Services band (1710 MHz to 1755 MHz for uplink, 2110 MHz to 2155 MHz downlink) to deal with capacity issues in major cities.
“Given the growth of this we have had some densification issues in major cities like New York, Chicago, San Francisco, what you see us doing is being very proactive in more in-building coverage, more densification cell sites,” Shammo said.
Wireless capital spending in the third quarter totaled $2.5 billion. Year-to-date, wireless capex was $6.7 billion, nearly 11 percent higher than last year.
“We are very focused on improving investment returns and capital efficiency and expect that our annual capex to revenue ratio will improve, even with the planned additional spending in 4G LTE,” Shammo said. “We are utilizing our AWS spectrum to further optimize the network and we are already spending some of the incremental capital we allocated to wireless capacity.