On October 22, 2024, Verizon Communications Inc. announced significant updates to its broadband strategy, including accelerated fixed wireless and fiber rollout plans, during a sell-side analyst event following its third-quarter results. Verizon's Chairman and CEO, Hans Vestberg, highlighted the company's achievement of reaching its fixed wireless access subscriber target 15 months ahead of schedule, with nearly 4.2 million subscribers, a 57 percent increase year over year. The company now aims to double this subscriber base to 8-9 million by 2028 and expand coverage to 90 million households. Additionally, Verizon plans to launch an advanced mmWave solution for high-density areas and continue deploying C-band and mmWave technologies. The fiber network is also expected to grow to 35-40 million passings, bolstered by the acquisition of...Show More

On October 22, 2024, Verizon Communications Inc. announced significant updates to its broadband strategy, including accelerated fixed wireless and fiber rollout plans, during a sell-side analyst event following its third-quarter results. Verizon's Chairman and CEO, Hans Vestberg, highlighted the company's achievement of reaching its fixed wireless access subscriber target 15 months ahead of schedule, with nearly 4.2 million subscribers, a 57 percent increase year over year. The company now aims to double this subscriber base to 8-9 million by 2028 and expand coverage to 90 million households. Additionally, Verizon plans to launch an advanced mmWave solution for high-density areas and continue deploying C-band and mmWave technologies. The fiber network is also expected to grow to 35-40 million passings, bolstered by the acquisition of Frontier Communications Parent, Inc., which will add approximately 9-10 million fiber passings. Verizon's capital allocation priorities remain focused on investment in the business, maintaining a leading dividend, debt reduction, and efficient cash return to shareholders. The company forecasts capital expenditures of $17.5-$18.5 billion for 2025 and has revised its net unsecured debt to adjusted EBITDA ratio target to 2.0 to 2.25x.