Verizon capex in 2021

Verizon's focus for 2021 includes further expansion of its 5G Ultra Wideband Network. (Getty Images)

Verizon capex in 2021: $17.5 billion to $18.5 billion

During 2020, Verizon investments included $18.2 billion for capital expenditures. And it’s sticking with that same investment level for 2021.

“Our consolidated capital spend for full year 2021 is expected to be between $17.5 billion and $18.5 billion, consistent with the prior year and within our normal capital intensity range,” stated Verizon on its Q4 2020 earnings call. “Our focus for the year includes further expansion of our 5G Ultra Wideband Network in new and existing markets, densification of our network to manage future traffic demands and continued deployment of our fiber infrastructure.”

RELATED: Verizon launches 5G Ultra Wideband in 3 more markets

Verizon's 5G Ultra Wideband service uses millimeter wave (mmWave) spectrum. This is in addition to its 5G Nationwide service, which uses lower spectrum bands in conjunction with dynamic spectrum sharing (DSS).

“Our 2021 capital program includes capital to fund advanced networks and services, including expanding our core networks, adding capacity and density to our 4G LTE network in order to stay ahead of our customers’ increasing data demands and deploying our 5G network, transforming our structure to deploy the Intelligent Edge Network while reducing the cost to deliver services to our customers,” said Verizon in its recently-filed SEC Form 10K.

Verizon capex in 2021