Verizon said its fixed wireless subscribers were nearly 4.2 million as of the end of Q3 2024, up nearly 57% year over year. The company said it reached its previous goal of 4-5 million subscribers 15 months ahead of schedule.

1. 01

   Verizon said its fixed wireless subscribers were nearly 4.2 million as of the end of Q3 2024, up nearly 57% year over year. The company said it reached its previous goal of 4-5 million subscribers 15 months ahead of schedule.

2. 02

   The company said it expects fixed wireless subscribers of 8-9 million by 2028, and will expand coverage to 90 million households over the same period. It also said it plans to commercially launch its mmWave solution for apartment and office buildings.

3. 03

   The company said it is targeting an expansion of its Fios builds to up to 650,000 passings annually in 2025, and expects the combined build after the Frontier acquisition closes to be up to 1 million or more passings annually. It also said Frontier is expected to add approximately 9-10 million fiber passings upon closing.

4. 04

   The company said it expects capital expenditures of $17.5 to $18.5 billion for 2025 and presented a revised net unsecured debt to adjusted EBITDA ratio target of 2.0 to 2.25x. It said it will consider buybacks when the ratio is 2.25x.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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