On October 22, 2024, Verizon Communications Inc. hosted a sell side analyst meeting to share a strategic broadband update and engage in a Q&A session with analysts. The company, which is listed on both the New York Stock Exchange and the Nasdaq, announced significant progress in its broadband strategy, including surpassing its fixed wireless access subscriber target 15 months ahead of schedule. Verizon reported a nearly 16 percent year-over-year increase in total broadband connections, reaching 11.9 million by the end of the third quarter of 2024. The company has set new ambitious goals, aiming to double its fixed wireless subscribers to 8-9 million by 2028 and expand its fiber network to 35-40 million passings over time. This expansion includes the planned acquisition of Frontier, which is...Show More

On October 22, 2024, Verizon Communications Inc. hosted a sell side analyst meeting to share a strategic broadband update and engage in a Q&A session with analysts. The company, which is listed on both the New York Stock Exchange and the Nasdaq, announced significant progress in its broadband strategy, including surpassing its fixed wireless access subscriber target 15 months ahead of schedule. Verizon reported a nearly 16 percent year-over-year increase in total broadband connections, reaching 11.9 million by the end of the third quarter of 2024. The company has set new ambitious goals, aiming to double its fixed wireless subscribers to 8-9 million by 2028 and expand its fiber network to 35-40 million passings over time. This expansion includes the planned acquisition of Frontier, which is expected to contribute approximately 9-10 million fiber passings. Verizon's capital expenditure for 2025 is projected to be between $17.5 and $18.5 billion, with a revised net unsecured debt to adjusted EBITDA ratio target of 2.0 to 2.25x. The company emphasized its commitment to maintaining its capital allocation priorities, including investment in the business, a strong dividend, debt reduction, and efficient cash return to shareholders.