Monday, May 23, 2016

Verizon Focused on Densifying Network in Major Cities, CFO Tells Analysts

Appearing at the annual MoffettNathanson Media and Communications Summit in New York last week, Verizon CFO Fran Shammo said the strike-plagued communications company is intends to continue building out its fiber, small cell and DAS networks in America’s major cities. Shammo said he expects Verizon to budget $17.2 billion to $17.7 billion per year in capital expenditures going forward for both wireline and wireless spending.
“When you think about the wireless network, the fiber network, that’s really where our concentration is right now,” RCRWireless’s Martha DeGrasse quoted Shammo telling the investors’ conference. “We continue to densify that LTE network, continue to spend capital at a pretty consistent rate, actually increasing year-over-year, and we’re doing that for the densification of LTE but also in preparation for 5G.”

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