Operator
Good morning, and welcome to the QTS Realty Trust First Quarter 2021 Earnings Conference Call. [Operator Instructions]
I would now like to turn the conference over to Stephen Douglas, Head of Investor Relations at QTS. Please go ahead, sir.
Stephen Douglas
Executive Vice President of Finance
Thank you, operator. Hello, everyone, and welcome to QTS First Quarter 2021 Earnings Conference Call. I m Stephen Douglas, Head of Investor Relations at QTS, and I m joined today by Chad Williams, our Chairman and Chief Executive Officer; and Jeff Berson, our Chief Financial Officer. We also are joined by additional members of our executive team who will participate in Q&A. Our earnings release and supplemental financial information are posted in the Investor Relations section of our website. We also provided slides and made them available with the webcast and on our website to make it easier to follow our presentation today.
Verizon has about 68,000 macro towers in total. (Getty Images)
Verizon is following its stated game plan for C-band deployments, reaching agreements with tower companies Crown Castle and SBA to add new gear to existing sites.
The announcement didn’t disclose too many details but it’s clear Verizon wants to be ready to turn on its valuable C-band spectrum in the 3.7 GHz range as soon as the first batch is vacated and ready for use later this year.
Verizon bid more than $45 billion (not including clearing costs/payments) to scoop up an average of 161-megahertz of C-band nationwide, including 60-megahertz of the so-called “A block” that’s on an earlier clearing schedule. That involves plans to launch in the first 46 partial economic areas (PEAs), which include large U.S. urban markets, at the end of 2021.
Operator
Good morning, and welcome to the Cogent Communications Holdings Fourth Quarter 2020, and full-year 2020 Earnings Conference Call. As a reminder, this conference call is being recorded, and it will be available for replay at www.cogentco.com. A transcript of this conference call will be posted on the same website when it becomes available. Cogent s summary of financial and operational results attached to its press release can be downloaded from the Cogent website.
I would now like to turn the call over to Mr. Dave Schaeffer, Chairman and Chief Executive Officer of Cogent Communications Holdings.
Dave Schaeffer
Founder and Chief Executive Officer
Operator
Ladies and gentlemen, thank you for standing by, and welcome to the SBA Fourth Quarter Results. [Operator Instructions].
I d now like to turn the conference over to Vice President of Finance, Mark DeRussy. Please go ahead.
Mark DeRussy
Vice President, Finance
Good evening, and thank you for joining us for SBA s fourth quarter 2020 earnings conference call. Here with me today are Jeff Stoops, our President and Chief Executive Officer; and Brendan Cavanagh, our Chief Financial Officer.
Some of the information we will discuss on this call is forward-looking, including, but not limited to, any guidance for 2021 and beyond. In today s press release and in our SEC filings, we detail material risks that may cause our future results to differ from our expectations. Our statements are as of today, February 22, and we have no obligation to update any forward-looking statement we may make. In addition, our comments will include non-GAAP financial measures and other key operati