Verizon Communications Inc. (Verizon) reported its financial results for the third quarter ended September 30, 2024. The company's Consumer segment saw operating revenues of $25.4 billion for the quarter, a slight increase of 0.4% compared to the same period in 2023. The Business segment, however, experienced a decrease of 2.3% in operating revenues, totaling $7.4 billion for the quarter. Overall, consolidated operating revenues remained relatively flat for the quarter, with a minor decrease of $6 million. The company highlighted its focus on enhancing and monetizing its networks, platforms, and solutions, as well as retaining and growing its high-quality customer base. Verizon is also investing significantly in capital, primarily for wireless spectrum acquisition and network growth. The company has full access to its C-Band spectrum and...Show More

Verizon Communications Inc. (Verizon) reported its financial results for the third quarter ended September 30, 2024. The company's Consumer segment saw operating revenues of $25.4 billion for the quarter, a slight increase of 0.4% compared to the same period in 2023. The Business segment, however, experienced a decrease of 2.3% in operating revenues, totaling $7.4 billion for the quarter. Overall, consolidated operating revenues remained relatively flat for the quarter, with a minor decrease of $6 million. The company highlighted its focus on enhancing and monetizing its networks, platforms, and solutions, as well as retaining and growing its high-quality customer base. Verizon is also investing significantly in capital, primarily for wireless spectrum acquisition and network growth. The company has full access to its C-Band spectrum and continues to deploy it across the U.S. In business development, Verizon announced a voluntary separation program and an agreement with Vertical Bridge REIT, LLC for the management of over 6,000 wireless towers. Looking ahead, Verizon plans to continue investing in its 5G network and other advanced technologies. The company also entered into a license purchase agreement to acquire select spectrum licenses from UScellular for $1.0 billion and is in the process of acquiring Frontier Communications Parent, Inc.