Verizon's Clear It Doesn't Need C Band for 5G, Wells Fargo Says

Verizon executives made clear in a meeting with sell-side analysts Tuesday it doesn’t need the C band for its 5G plans, Wells Fargo’s Jennifer Fritzsche told investors Wednesday. “Over the next year, [Verizon] will be rolling out additional 5G Mobile markets, with plans to upgrade cell sites to enable dynamic spectrum-sharing with 4G LTE and to bring more compatible devices into the ecosystem,” Fritzsche said: “They are certainly interested in C-band spectrum to accelerate their 5G deployments, but their current plans contemplate only using their existing assets in place.” She noted Verizon is building its 5G network using technology from Samsung, Nokia and Ericsson and plans to launch a mobile-edge computing product this year.