Verizon plans to double its FWA subscriber base by 2028 and eventually extend fiber to 35 million to 40 million locations. Some analysts aren't convinced the updated plan is enough to fulfill Verizon's convergence ambitions.
Verizon is going bigger on fixed wireless access (FWA) and looking to broaden and accelerate its fiber network buildout. But some analysts still believe the operator's grander convergence plan will fall short.
As part of a "broadband update" tied to its Q3 2024 financial results, Verizon Chairman and CEO Hans Vestberg said Tuesday that Verizon has doubled its FWA subscriber target to a range of 8 million to 9 million by 2028.
Verizon ended Q3 2024 with 4.18 million FWA subscribers (2.49 million residential and 1.69 million business), reaching the 4 million mark about 15 months ahead of schedule. However, the rate of FWA subscriber growth slowed in Q3 as Verizon added 363,000 FWA subs versus a gain of 384,000 in the year-ago period. Read more here.