Crown Castle and Verizon Expand Strategic Relationship with Long-Term 5G Small Cell Commitment
HOUSTON, Jan. 27, 2021 (GLOBE NEWSWIRE) -- Crown Castle International Corp. (NYSE: CCI) ("Crown Castle") announced today that it has signed a new long-term agreement with Verizon to support Verizons 5G Ultra Wideband and 5G Nationwide deployment.
- HOUSTON, Jan. 27, 2021 (GLOBE NEWSWIRE) -- Crown Castle International Corp. (NYSE: CCI) ("Crown Castle") announced today that it has signed a new long-term agreement with Verizon to support Verizons 5G Ultra Wideband and 5G Nationwide deployment.
- Specifically, Verizon has committed to lease 15,000 new small cells from Crown Castle over the next four years.
- Once installed, the small cell leases will have an initial term of 10 years.
- We are excited to expand our longstanding strategic relationship with Verizon with this significant small cell agreement, stated Jay Brown, Crown Castles Chief Executive Officer.