Verizon Communications Inc.
Verizon Updates Broadband Strategy to Expand Coverage
Summary
Verizon Communications Inc. announced an update to its broadband strategy, revealing that it reached its fixed wireless subscriber target 15 months ahead of schedule, with plans to double its fixed wireless subscribers to 8-9 million by 2028. The company also expects its fiber network to expand to 35-40 million passings, driven by ongoing Fios builds and the planned acquisition of Frontier. The update was shared during a sell-side analyst meeting following the release of the company's third-quarter 2024 results.
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About Verizon Communications Inc.
Verizon Communications Inc. is a leading telecommunications company that provides a wide array of communication services and products in the United States and globally. As a major player in the telecommunication industry, Verizon's primary function is to deliver wireless communications, broadband, and fiber optic services, aiming to keep people connected across various platforms. The company’s notable features include its extensive 5G and fiber optic network infrastructure, which significantly impacts sectors like technology, media, and consumer communications. It offers services to individual consumers, businesses, and government entities through various channels, including its retail stores and online platforms. Headquartered in New York City, Verizon is crucial in driving innovation in communication technologies and maintaining robust network solutions to meet growing data demands. Its influence extends beyond traditional telecommunication, also impacting emerging fields such as Internet of Things (IoT) and smart cities, helping to shape the future of connectivity.
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