Skip to content
Verizon lowers full-year guidance after weak customer growth

Verizon Communications Inc. said cash-strapped customers and stiffer competition will strain its business through the end of the year, prompting the company to lower its revenue and profit targets.

But executives said on Friday the gloomier outlook had not shaken their confidence in a strategy that has invested tens of billions of dollars in fifth-generation wireless technology. Verizon is counting on future demand for superfast 5G connections to maintain its position as the nation’s largest wireless carrier by subscribers.


Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor.