Verizon begins 2023 with rapid network expansion and the most broadband additions in over a decade

Verizon Communications reported first-quarter results, highlighted by increased cash flow and the largest number of total broadband net additions in more than a decade. Verizon saw a total broadband net addition of 437,000, reflecting strong demand for fixed wireless and Fios products. This result included 393,000 fixed wireless net additions, an increase from 379,000 fixed wireless net additions in the fourth quarter of 2022. Additionally, there have been 67,000 Fios Internet net additions, an increase from 60,000 Fios Internet net additions in the first quarter of 2022. Total wireless service revenue of $18.9 billion, a 3.0 percent increase year over year. Postpaid phone net losses of 127,000, and retail postpaid net additions of 633,000. Total wireless postpaid phone gross additions increased 5.3 percent year over year, primarily driven by an 11.5 percent year over year growth in Consumer phone gross additions.