Verizon announced an ambitious update to its broadband strategy, revealing it has reached its fixed wireless access subscriber target 15 months ahead of schedule with 4.2 million subscribers, up 57% YoY. The company aims to double its fixed wireless subscriber base to 8-9 million by 2028, while expanding coverage to 90 million households.The telecom giant plans to expand its fiber network to 35-40 million passings, incorporating Frontier's 9-10 million fiber passings following the planned acquisition. Verizon targets up to 650,000 Fios builds annually in 2025, with combined builds potentially reaching 1 million passings annually post-Frontier acquisition.For 2025, Verizon projects capital expenditures of $17.5-18.5 billion and revised its net unsecured debt to adjusted EBITDA ratio target to 2.0-2.25x. The company maintains its focus on business investment, dividend commitment, debt reduction, and efficient shareholder returns.

Verizon announced an ambitious update to its broadband strategy, revealing it has reached its fixed wireless access subscriber target 15 months ahead of schedule with 4.2 million subscribers, up 57% YoY. The company aims to double its fixed wireless subscriber base to 8-9 million by 2028, while expanding coverage to 90 million households.The telecom giant plans to expand its fiber network to 35-40 million passings, incorporating Frontier's 9-10 million fiber passings following the planned acquisition. Verizon targets up to 650,000 Fios builds annually in 2025, with combined builds potentially reaching 1 million passings annually post-Frontier acquisition.For 2025, Verizon projects capital expenditures of $17.5-18.5 billion and revised its net unsecured debt to adjusted EBITDA ratio target to 2.0-2.25x. The company maintains its focus on business investment, dividend commitment, debt reduction, and efficient shareholder returns.