Verizon Wireless and Vertical Bridge have entered into an agreement to build cell towers to expand Verizon’s 4G and 5G ‘Ultra Wideband’ network in selected locations across the US. Vertical Bridge has agreed to construct these towers to-suit, with Verizon as the anchor tenant. The towers will be held by an LLC formed by Vertical Bridge in which Verizon will have a profits interest.

Lynn Cox, chief engineering officer at Verizon, commented: ‘Our new agreement with Vertical Bridge is an excellent alternative to the traditional tower leasing model. This cost-effective, sustainable and efficient model will allow us to accelerate our build programme and provide additional services to customers.’

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