Verizon Communications has signed a new lease agreement with American Tower Corporation to speed up Verizon’s 5G network deployment.

The agreement provides a simplified and efficient leasing process through a contractual framework that will drive mutual growth and value over a multi-year period.

“This agreement represents another key milestone and an extension of our strategic partnership with Verizon,” said Steve Vondran, President – U.S. Tower Division, American Tower Corporation.

“Efficient, long-term strategic partnerships with our vendors are critical to continue advancing the industry forward, and providing the network our customers have come to rely on,” said Heidi Hemmer, Senior Vice President of Engineering at Verizon.