Verizon Revamps Broadband Strategy to Offer More Options, Flexibility, and Value to Millions
Key Takeaways:
Verizon reaches fixed wireless access subscriber target 15 months ahead of schedule
Customer demand for broadband solutions accelerates fixed wireless and fiber rollout
Fixed wireless subscribers on path to double to 8-9 million by 2028
Fiber network expected to expand to 35-40 million passings over time
NEW YORK, Oct. 22, 2024 (GLOBE NEWSWIRE) — Verizon Communications Inc. (NYSE, Nasdaq: VZ) today 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’s decision to revamp its broadband strategy comes at a crucial time when customer demand for high-speed internet solutions is rapidly increasing. By setting new fixed wireless subscriber goals and expanding its fiber network, Verizon is positioning itself to meet the needs of millions of customers across the country.
With the accelerated rollout of fixed wireless and fiber connections, Verizon is not only providing more options and flexibility to its customers but also adding significant value to their broadband services. This strategic move will allow Verizon to stay ahead of the competition and continue to grow its customer base in a highly competitive market.
By doubling the number of fixed wireless subscribers to 8-9 million by 2028 and expanding its fiber network to 35-40 million passings over time, Verizon is investing in the future of broadband technology. This commitment to innovation and growth will not only benefit Verizon’s customers but also contribute to the overall development of the broadband industry.
How will this affect me?
As a consumer, Verizon’s revamped broadband strategy means you will have more options and flexibility when it comes to choosing high-speed internet services. With an increased number of fixed wireless and fiber connections, you can expect faster speeds, improved reliability, and enhanced value for your broadband subscription.
How will this affect the world?
Verizon’s decision to expand its broadband offerings will have a significant impact on the world by accelerating the adoption of high-speed internet technology. By reaching more customers with fixed wireless and fiber connections, Verizon is helping to bridge the digital divide and promote connectivity worldwide, ultimately contributing to the growth and development of the global economy.
Conclusion
Verizon’s revamp of its broadband strategy to offer more options, flexibility, and value to millions of customers is a strategic move that will benefit both consumers and the world at large. By investing in fixed wireless and fiber technology, Verizon is paving the way for a more connected and prosperous future. This commitment to innovation and growth positions Verizon as a leader in the broadband industry and sets a new standard for premium broadband and mobility services.
