The Trajectory for Fixed Wireless Access

Sowmyanarayan Sampath, CEO of Verizon’s consumer business, recently said that Verizon expects to have 4 to 5 million fixed-wireless access (FWA) customers at the end of 2024, up from 3.4 million at the end of the first quarter of 2023. Financial analysts at TD Cowen who predict that Verizon will add 888,000 new net subscribers in 2024 while T-Mobile will add 1.3 million more customers to add to the 4.8 million customers at the end of 2023. FWA broadband has majorly disrupted the broadband industry. According to the TD Cowen estimates, FWA operators will gain 2.6 million new customers in 2023 while fiber operators will add around 600,000 new customers. It’s clear that FWA growth is probably the most important statistic in the market today since other internet service providers are competing for the customers who aren’t opting for FWA.