Business Insights and Market Implications Summary

• Market Dominance: Verizon is the largest telecommunications company in the U.S. with 146 million subscribers as of March 31, 2025, and operates the second-largest LTE network covering 2.68 million sq. miles.
• Network Coverage: Verizon's 4G LTE and 5G networks cover approximately 99% of the U.S. population, providing extensive connectivity across the country.
• Financial Performance:
  • Q1 2025: Reported record adjusted EBITDA of $12.6 billion, a 4% year-over-year increase.
  • Revenue growth driven by broadband services, despite a loss of 356,000 postpaid phone subscribers (though churn rates are expected to stabilize).
  • Added 339,000 broadband subscribers in Q1 2025, primarily due to Fixed Wireless Access (FWA) and Fios demand.
• Strategic Moves:
  • Acquired DISH Network for approximately $6.25 billion on November 23, 2021, likely enhancing network capabilities and service offerings.
  • Launched Yahoo! Mobile after acquiring a 10% interest in Yahoo but shut down the service on August 31, 2021, focusing instead on Visible.
• Technological Shift: Shut down its CDMA network on December 31, 2022, requiring VoLTE-compatible devices for voice services, signaling a strategic shift toward modern LTE/5G technology.
• Competitive Dynamics: Verizon's leadership in 4G LTE and 5G positions it as a key competitor to other major U.S. telecom players like AT&T and T-Mobile. Its network quality and coverage are highlighted by RootScore Reports, which awarded Verizon top honors in five out of eight categories in the first half of 2024.
• Market Implications:
  • The company's ability to retain subscribers despite competitive pressures is critical for long-term growth.
  • Strategic investments in 5G and broadband infrastructure are expected to drive future revenue growth and market share expansion.
  • Regulatory developments, such as tariffs on phone imports, could impact pricing strategies and consumer sentiment.