Verizon kicks off C-band spending splurge [telecom]

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By Mike Dano

Verizon on Monday said it signed new agreements with two of the three big US cell tower companies, an indication that the operator is moving forward with its plan to spend an extra $10 billion over the next three years upgrading its 5G network with valuable midband spectrum.

Verizon did not disclose the financial details of its new agreements with Crown Castle and SBA Communications, though FierceWireless reported the agreements cover both macro cell tower and small cells.