In a new report, BTIG analyst Walter Piecyk takes a look at Verizon Communications Inc. VZ 0.13%’s Super Bowl ad for indications of the technological direction that Verizon will be taking in coming years. According to Piecyk, Verizon’s primary talking point of late has been small cells.

“Their $70 million network investment for Super Bowl 50 has become the poster child for the benefits of small cell investment, even though Verizon was only able to install 20% of the 400 small cells it initially intended to deploy,” he explains.

In preparation for Super Bowl 50 in San Francisco, Verizon installed…

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