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5 Big Things To Know About Verizon’s Q1 Earnings From ‘once in a lifetime’ 5G spectrum buys, to growth in business services, here’s what you need to know about Verizon’s Q1 2021 results. By Gina Narcisi April 23, 2021, 12:14 PM EDT Bouncing Back Telecommunications giant Verizon this week posted Q1 2021 earnings that topped estimates, driven by strength in its core product: the network. Revenues were up 4 percent overall, a solid hike following a difficult year for many companies due to the COVID-19 pandemic. In fact, CEO Hans Vestberg (pictured) said that the carrier had growth in all businesses for the first time since the launch of Verizon 2.0. Business services, for the first time in several quarters, posted growth, including a double-digit bump in public sector revenues. Verizon also touted its 5G footprint expansions and the investments it’s making to be a leader in next-generation wireless. At the same ....
Verizon 5G Business Pushed To 21 New Cities Verizon 5G Business Internet is now live for enterprises and SMBs in 24 US cities, according to the service provider giant. By Gina Narcisi April 15, 2021, 12:15 PM EDT Service provider giant Verizon brought 21 new cities, or 20 new 5G markets online on Thursday. The carrier is betting on 5G to boost business that was negatively impacted by the financial downturn brought on by the global COVID-19 pandemic, Verizon said. Thursday’s addition brings Verizon 5G Business, its fixed wireless connectivity offering, to a total of 24 United States cities for businesses of all sizes, the carrier said. ....
Verizon 5G Footprint Will ‘Nearly Double’ In 2021 As Carrier Predicts Business Services Headwinds The carrier experienced revenue declines within its business segment, especially in the enterprise space, in fourth-quarter 2020. 5G will be the focus in 2021, says Verizon CEO Hans Vestberg. By Gina Narcisi January 26, 2021, 10:58 AM EST Verizon’s strong core connectivity business helped offset the financial burden of the COVID-19 pandemic during the last fiscal quarter of 2020. For 2021, the carrier has its sights set on 5G. CEO Hans Vestberg told investors during the carrier’s fiscal fourth-quarter 2020 conference call Tuesday that Verizon has plans to aggressively grow its 5G footprint. ....