Verizon secures agreement with Array Digital Infrastructure to enhance 5G network flexibility

Multi-year deal streamlines collocation on towers nationwide, drives cost efficiency, and provides network agility for future growth.

NEW YORK and CHICAGO – Verizon Communications Inc. (NYSE, Nasdaq: VZ) and Array Digital Infrastructure, Inc. (Array℠, NYSE: AD) today announced a new strategic partnership. The agreement will utilize Array’s national portfolio of towers to enhance Verizon's 5G network, directly supporting Verizon's goal of delivering a more robust and responsive experience for its customers.

Under the multi-year deal, Verizon has the ability to collocate on a significant number of new Array sites over the next several years. The agreement establishes a streamlined pricing structure on these new sites, providing greater cost efficiency and long-term stability.

"This strategic partnership with Array is a key part of our network tower management strategy," said Phillip French, Vice President of Engineering for Verizon. "It provides us with the nimbleness and flexibility to manage our network portfolio efficiently. The streamlined agreement allows for greater cost efficiency and, most importantly, accelerates our ability to deploy advanced wireless technologies to Verizon customers across the nation."

“Our partnership with Verizon, particularly with this new agreement, creates great opportunities for both organizations. We’re pleased to continue growing Array and strengthening our position as one of the leading tower companies in the United States,” said Anthony Carlson, Array President and CEO.

Array maintains 4,400 towers in locations from coast to coast, enabling the deployment of 5G and other wireless technologies throughout the country.