Verizon has signed a multi-year tower deal with the new-look Array Digital Infrastructure, previously UScellular, as part of plans to expand the carrier's 5G rollout across the US.

The agreement with Array Digital Infrastructure will see Verizon colocate on a significant number of new Array-owned sites over the next several years.

Towers
– Getty Images

Array Digital Infrastructure currently operates 4,400 telecom towers across the US.

Verizon noted that the deal establishes a streamlined pricing structure on these new sites, providing greater cost efficiency and long-term stability for the company.

The carrier signed a long-term tower agreement with SBA Communications last month to support the expansion of the network's 4G and 5G services in the country.

The agreements come after Verizon sold 6,000 towers to Vertical Bridge for $3.3 billion earlier this year. As part of that deal, Verizon is leasing back capacity on the towers from the DigitalBridge-owned firm, serving as the anchor tenant.

"This strategic partnership with Array is a key part of our network tower management strategy," said Phillip French, vice president of engineering for Verizon.

"It provides us with the nimbleness and flexibility to manage our network portfolio efficiently. The streamlined agreement allows for greater cost efficiency and, most importantly, accelerates our ability to deploy advanced wireless technologies to Verizon customers across the nation."

Array was previously known as UScellular, operating as a regional US network provider. However, the company sold its wireless assets to T-Mobile in a $4.4 billion deal this year, and pivoted to become a tower infrastructure company.

The company also struck separate spectrum deals with AT&T and Verizon for $1bn each last year.

“Our partnership with Verizon, particularly with this new agreement, creates great opportunities for both organizations. We’re pleased to continue growing Array and strengthening our position as one of the leading tower companies in the United States,” said Anthony Carlson, Array president and CEO.