VZ: quick thoughts following the analyst day
The event just wrapped. The big things for us were the new targets for fiber and FWA, the new articulation of their FWA strategy (this is a big deal), new capex guidance, a change in leverage targets, and our struggles with how they articulate capital allocation priorities. On broadband strategy, there were surprises in how they articulated their fiber strategy and their FWA strategy, with implications for Verizon, Frontier and other broadband assets, and for Cable.
Verizon Communications is a holding company. Through its subsidiaries, the company provides communications, information and entertainment products and services to consumers, businesses and governmental agencies. The company has two reportable segments, Verizon Consumer Group (Consumer) and Verizon Business Group (Business). The company's Consumer segment provides consumer-focused wireless and wireline communications services and products under the Verizon brand and through wholesale and other arrangements. The company's Business segment provides, among others, wireless and wireline communications services and products, video and data services, corporate networking solutions, security and managed network services.
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- Pan European Telecom Services and Cable
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