Verizon this week told investors what it plans to do with the C-band radio spectrum it purchased for $45 billion in a recent FCC auction. The company will use it to deploy mid-band 5G, filling a crucial gap in the company's 5G network. Currently, Verizon offers low-band 5G with broad coverage but data performance barely better (and sometimes worse) than 4G. This is available to all customers at no extra charge. Verizon also offers "Ultra Wideband" 5G service using mmWave frequencies. This offers very fast data rates but very limited coverage. Verizon only offers Ultra Wideband to customers on pricier unlimited plans, excluding those on metered plans or the basic Start Unlimited plan. The new C-band 5G service should offer a better balance of coverage and data speeds. Verizon told investors that it will treat the new mid-band 5G service the same as its mmWave Ultra Wideband service, restricting access to customers on premium plans. Verizon also stated that all new phones it launches going forward will support C-band (band 77). The company plans to spend $10 billion over the next three years on the physical infrastructure to add C-band 5G to its network.
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