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 5. Verizon boosts investment in Texas to accommodate recent massive,
    pandemic-related influx of people
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FULL TRANSPARENCY

Last updated 05.19.2022



May

05.19.2022|04:38 PM

Latest Version

05.18.2022|04:01 PM

Original Version


WE'RE COMMITTED TO BUILDING TRUST.

The Verizon Newsroom greatly values transparency. By integrating blockchain
technology, we’re able to permanently log all changes made to official releases
after publication. We believe people deserve the highest level of integrity. And
we’re committed to setting the industry standard for corporate communications.

Learn more
05.18.2022|Networks & Platforms|Building the future


VERIZON BOOSTS INVESTMENT IN TEXAS TO ACCOMMODATE RECENT MASSIVE,
PANDEMIC-RELATED INFLUX OF PEOPLE


Media contact(s)
Karen Schulz
864.561.1527
Karen.Schulz@VerizonWireless.com





Full Transparency

Last updated on 05.19.2022

View ChangesLearn more


DALLAS, TX – Since the beginning of the pandemic, Texas has seen a large
increase in individuals moving to the Lone Star state. Verizon is responding to
Texas’ exponential and unexpected population increase by allocating an
additional $97.9 million to its local capital spending to meet growing demands
on the network.

From January 2020 to April of this year, more than 200,000 Verizon wireless
customers have moved to Texas, and data traffic has spiked. Since January 2020,
busy-hour traffic in Dallas increased 81.3%, in Houston 84.5%, in San Antonio
74.6%, and Austin a jaw-dropping 323.2%.

“The pandemic changed many things about how and where people use their Verizon
service,” said Kyle Malady, EVP and President, Global Networks and Technology.
“We are committed to delivering the very best possible network experience to our
customers, including those who are permanently changing locations to Texas and
other places. We revised our forecasting models and are pouring additional
capital into the state to grow our coverage and capacity to meet the increased
demands.”


RECENT AND ONGOING NETWORK EXPANSION

Massive investments the last two years have added much needed capacity to the
network and have accelerated network expansions and 5G growth, both in mobility
and fixed wireless access. In 2020 and 2021, Verizon invested over $2 billion in
the state of Texas. That investment was used to expand 4G LTE capacity,
introduce and grow Verizon’s 5G Ultra Wideband service, and support first
responders and the community in natural disaster recovery efforts. This
investment also supports Verizon’s core areas of growth and innovation across
mobility, nationwide broadband, mobile edge compute and business solutions, the
value market and network monetization.

Consistent capital investments based on consumer usage growth models are
critical in order to stay ahead of demand. The increase of more than 200,000
devices has shifted those investment models, so in addition to the annual
capital expenditure budgets allocated for Texas, Verizon will invest $97.9
million above and beyond its annual CapEx to meet the growing needs.

Investments over the next two years will include building nearly 6,000 new
network solutions including new macro towers, small cell sites and repeaters to
increase 4G LTE capacity and coverage, expanding 5G Ultra Wideband service in
areas where 5G currently is and to new markets throughout Texas, expanding the
underlying fiber footprint that carries data throughout the network and
supporting Texans and first responders in the upcoming hurricane season. Verizon
will also enhance coverage at major population centers and gathering places
including NRG Stadium, PNC Stadium, Toyota Stadium, Alamodome, Circuit of The
Americas, the Austin Convention Center, the

San Antonio Henry B Gonzalez Convention Center, the PGA area in Little Elm, DFW
Airport, Love Field Airport, and George Bush Airport.

Verizon remains keenly focused on Texas and providing a highly reliable network
to meet the growing needs in the state. 


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