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Verizon C Band Covers 100M, Expects Consumer Phone Losses Q3: Vestberg

Verizon has deployed C band to cover 150 million POPs, headed to 175 million by year-end, CEO Hans Vestberg said at a Goldman Sachs conference Wednesday. “We have 161 MHz [of spectrum] nationwide,” he said: “We're so far using 60…

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MHz. We're getting into 100 MHz.” Vestberg also warned that churn is elevated this quarter because of price increases for the company’s wireless offerings. “We said it in the second quarter with the price increases, we are going to get the churn bubble in the third quarter on the consumer side, because that's how it works,” he said. Verizon will also have negative net adds in Q3, “but clearly we will have an improvement" over Q2, he said. In July, Verizon reported postpaid phone net adds of just 12,000 Q2, with 215,000 net losses on the consumer side (see 2207220061).