Verizon

Verizon announced an update to its broadband strategy, with new fixed wireless subscriber goals, household targets and broadband offerings to accelerate its premium broadband and mobility services to millions more customers nationwide. Verizon has more than 11.9 million total broadband connections as of the end of third-quarter 2024, up nearly 16 percent year over year. Verizon is expecting more than 30 million fiber passings in the combined Verizon/Frontier footprint by 2028. Over time, Verizon is expecting 35-40 million fiber passings. 

Verizon and Frontier Communications announced they have entered into a definitive agreement for Verizon to acquire Frontier in an all-cash transaction valued at $20 billion. This strategic acquisition of the largest pure-play fiber internet provider in the U.S. will significantly expand Verizon's fiber footprint across the nation, accelerating the company’s delivery of premium mobility and broadband services to current and new customers.

Verizon reported second-quarter 2024 results today with strong wireless service revenue, broadband subscriber growth, and continued momentum in its three financial priorities of wireless service revenue, consolidated adjusted EBITDA and free cash flow. The company remains on track to achieve its full-year 2024 financial guidance. Highlights from quarter two include:

Verizon reported first-quarter 2024 results with strong wireless service revenue, solid cash flow, adjusted EBITDA expansion and fixed wireless subscriber base growth. Highlights included: 

Funding for the Affordable Connectivity Program, which has helped nearly 23 million households across the nation connect to the internet, is expected to end soon. However, Verizon’s commitment to keeping families connected will continue.  In 2020, the company launched Verizon Forward to help customers access affordable and reliable broadband, and the company will continue to offer the program to customers who qualify. Verizon Forward offers Verizon Home Internet (Fios, 5G Home and LTE Home) for as low as $20 per month, and is available to new and existing Verizon customers.

Total by Verizon, a fast-growing prepaid no-contract wireless provider from Verizon, announced the launch of its unlimited 5G Home Internet service. The brand’s new Home Internet plan starts at $45/month with Auto Pay for current and new mobile wireless customers, making high-speed home internet available for customers who want the financial flexibility of no-contract, no-credit-check, pay-in-advance service.

Verizon Communications reported strong fourth-quarter and full-year 2023 results highlighted by total wireless postpaid net additions, fixed wireless net additions and increased wireless service revenue. Total broadband net additions of 413,000, represented the fifth consecutive quarter that Verizon reported more than 400,000 broadband net additions. Total broadband net additions included 375,000 fixed wireless net additions, bringing the subscriber base to over 3 million.

Verizon announced a $100,000 award to the Detroit Branch NAACP for the Digital Education, Training, and Access (E.T.A.) program. The partnership is part of the Verizon Forward Community Enhancement Award, a $1 million national initiative equipping communities with the tools to navigate an increasingly technological world. The Detroit Branch NAACP will partner with local organizations to provide technology-focused training to seniors and formerly incarcerated community members.

Verizon Communications reported third-quarter results and raised its free cash flow guidance for 2023. The company's performance was highlighted by continued wireless service revenue growth, total broadband net additions, and improving profitability. Total broadband net additions of 434,000, representing the fourth consecutive quarter that Verizon reported more than 400,000 broadband net additions. Total broadband net additions included 384,000 fixed wireless net additions, an increase of 42,000 fixed wireless net additions from third-quarter 2022.