Is Verizon’s C-band spectrum really that bad?

To hear well-known Wall Street analyst Craig Moffett tell it, Verizon spent a mind-boggling $52 billion on C-band spectrum which “isn’t very good” and fixing its 5G coverage problem is going to require even more money—“lots of money.” That was one of the hottest and most publicized take-aways from Verizon’s Q2 earnings call. While Moffett described Verizon’s overall wireless Q2 results as “fair,” the gist of his report focused on “Verizon’s C-band problem,” one that he said will take a whole lot of densification to rectify. And densification, for the record, isn’t cheap. Verizon’s C-band challenges returned to the limelight when Opensignal released its most recent Network Experience report, which reported that Verizon customers are in range and connected just 7.7% of the time.