Bloomberg Talks Verizon CEO Hans Vestberg Talks Profit Outlook
Jul 21, 2025
Hans Vestberg, the CEO of Verizon Communications Inc., shares insights on the company's booming revenue, which topped $34.5 billion, and how favorable tax reforms have enhanced their profit outlook. He discusses strategies to counter subscriber losses in the wireless sector and emphasizes growth in broadband and fixed wireless services. Vestberg also delves into the financial impact of the recent Spectrum auction, highlighting Verizon's commitment to disciplined capital management and the importance of tailored customer offerings.
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Multi-Vector Growth Drives Profit
- Verizon's multi-vector growth strategy spans broadband, prepaid, and business services.
- Disciplined cost management has led to EBITDA growth and raised profit guidance.
Customer Additions Outpace Losses
- Despite a small net loss in phone subscribers, overall customer additions exceeded 300,000.
- Revenue growth is strong, driven by upgrades and efficient cost control lifting earnings.
Tax Reform Boosts Cash Flow
- Favorable tax reform notably improves free cash flow through accelerated capital investment depreciation.
- Verizon plans to increase capital spending and manage allocation with Frontier acquisition pending.