Yes and no. It has coverage on multiple 4G and 5G frequencies.
Check the first link and see what frequency you need in your are and then check the second link to see if it is covered.
Where I am and where I mostly travel I need 5G band 71 and it picks it up beautifully.
https://www.kimovil.com/en/frequency-checker/US/sony-xperia-1-iv
I actually picked mine up on Swappa for $690. At that price it was very competitive against other flagships. It might even go down a bit with the new Mark 5 coming out soon.