Verizon lifts annual forecasts, signs more than $2 billion AI infrastructure deal with AWS
The company also lifted its adjusted earnings outlook after adding 406,000 postpaid phone subscribers and said the AWS pact will expand AI network capacity.
- On Monday, Verizon raised its annual wireless subscriber forecast to 1.1 million to 1.2 million customers and signed a more than $2 billion AI infrastructure deal with Amazon Web Services.
- CEO Dan Schulman has pursued a broad business overhaul during his first year, restructuring operations and simplifying wireless offerings to drive subscriber growth.
- In the third quarter, Verizon added 406,000 postpaid phone subscribers, nearly doubling Visible Alpha expectations of about 209,000.
- Third-Quarter revenue of $34.3 billion missed analyst estimates of $34.74 billion, as customers held phones longer after Verizon cut device subsidies.
- Verizon expects free cash flow to grow by almost 12%, while the AWS deal provides high-capacity network connections supporting AI computing workloads.
7 Articles
7 Articles
Verizon raises 2026 forecast and signs $2bn AI deal with AWS
Verizon raised its forecasts for 2026 on Monday after a strong quarter for new phone customers. It also announced a deal worth more than $2bn with Amazon Web Services (AWS) to support AI workloads. Under the AWS agreement, Verizon will provide high-capacity network connections and help add computing power spread across many sites. The deal is […] This story continues at The Next Web
Verizon lifts annual forecasts, signs more than $2 billion AI infrastructure deal with AWS
Verizon raised its annual forecast for wireless subscriber additions on Monday, betting on strong demand for its simplified plans, and signed an AI infrastructure deal worth more than $2 billion with Amazon Web Services.
(Teleborsa) - Verizon has revised to the rise the annual forecasts on the new subscribers to mobile phones with monthly payment. In the third trimester, the group has recorded 406,000 new subscribers postpaid,...
Coverage Details
Bias Distribution
- 67% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
