Verizon Communications Inc (BUE:VZ)
ARS 12300 50 (0.41%) Market Cap: 188.18 Til Enterprise Value: 358.62 Til PE Ratio: 19.13 PB Ratio: 1.94 GF Score: 48/100
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Verizon Communications Inc. Virtual Investor Day Transcript

Mar 10, 2021 / 11:00PM GMT
Release Date Price: ARS4295 (-1.58%)
Hans Vestberg
Verizon Communications Inc. - Chairman & CEO

Good evening, everyone, and thank you for being with us tonight. This is a great day for Verizon. I would go so far as to say it's one of the most significant days in our 20-year history. That's because today, we're announcing our results in the FCC C-band spectrum auction. And most importantly, how this new spectrum will amplify our strategy and accelerate our growth. This was a highly successful auction for Verizon, a once in a lifetime opportunity, and I'm thrilled with what we were able to accomplish.

This was the largest auction in the history of the industry, and there will not be another one like it in the foreseeable future. Our disciplined strategy and strong balance sheet enable us to be aggressive, and this spectrum investment now sets up Verizon for the next stage of growth and beyond.

We succeeded in more than doubling our existing mid-band spectrum holdings by adding an average of 161 megahertz of C-band nationwide for $52.9 billion, including the clearing cost. Verizon's C-band licenses will cover the entire

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