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Broadband

TelecomTV TRACKER

Sourced by TelecomTV's TRACKER platform
from Verizon Wireless Newsroom

Broadband

Verizon completes purchase of fiber network infrastructure in Chicago market

Via Verizon Wireless Newsroom

Dec 14, 2017

NEW YORK – Verizon Communications Inc. (NYSE, Nasdaq: VZ) today completed its $225 million purchase of fiber-optic network assets serving the Chicago market from WideOpenWest, Inc. (NYSE: WOW).

The transaction is part of Verizon’s effort to scale and accelerate deployment of next-generation broadband services.

For Verizon, the transaction secures fiber to more than 500 macro-cell wireless sites and more than 500 small-cell wireless sites in the Chicago area. The high-capacity fiber network is designed to support multi-use services and already connects Verizon Wireless macro towers and small cells, reducing future leasing costs.

"The addition of these fiber assets is an important part of our strategy to reinforce our current network capabilities and prepare for the future. The completion of this acquisition will help expedite our network densification with fiber and small cells, enhancing our industry-leading 4G LTE network and laying the groundwork for 5G," said Nicola Palmer, Chief Engineer and Head of Wireless Networks, Verizon.

Related Topics
  • 4G LTE,
  • 5G,
  • Access Evolution,
  • Announcement,
  • Broadband,
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  • North America,
  • Small Cells,
  • Tracker,
  • Verizon Wireless

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This content extract was originally sourced from an external website (Verizon Wireless Newsroom) and is the copyright of the external website owner. TelecomTV is not responsible for the content of external websites. Legal Notices

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