CLAIM #62430 · VZ (VZ) · 2024Q3 earnings call · Oct 22, 2024 · due Dec 31, 2028
“And we foresee that getting 35 million to 40 million will be with or without BEAD funding.”
Joe Russo · Head of Network
How to check this claim
Look at: Total fixed wireless access (FWA) subscribers/passings reaching the 35-40 million target range
It came true if: Company-reported FWA metric reaches 35 million to 40 million by the stated deadline, achieved regardless of BEAD funding contribution
Where: Company-disclosed fixed wireless subscriber/addressable market figures (10-K, investor day materials, earnings calls)
In context
“wireless access is a solution they want to have because of simplicity. So we're going to create optionality. And you saw the consumer slide that Sampath showed with customer offering framework, I think it's called, where actually everything is in the same model, regardless of what it takes. So that's how we think about it. Do you want to add something? Yes, you want to add something. Please come up here. Joe Russo: Okay. Yeah. Just on BEAD. So we've built a very good process for managing subsidies. And we've been already receiving and winning subsidies in our Fios footprint. So as BEAD starts to get deployed, we'll deploy those same kind of standards and processes to participate. When I think about the 35 million to 40 million, it will be a very, very small percent that we think is BEAD. And we foresee that getting 35 million to 40 million will be with or without BEAD funding. Hans Vestberg: Thank you. Next? Brady Connor: Okay, we're going to work our way up. I'm going to go a second row. We'll go Hodulik on the end over here. John Hodulik: Thank you. I don't think you would see me behind these tall guys. First, starting with fixed wireless. Thank you guys on the new targets. Just on the quick math, it seems like the cadence is slowing a bit. You guys are doing like 360 -- 360,000 a quarter. It looks like that slows to just sort of doing it ratably to under 300,000. I just want to make sure if that's sort of what we should expect to see or if there's something different in the numbers? And then these new initiatives are great. You guys did 1.7% service revenue growth this quarter. Obviously, you don't want to give 2025 guidance -- full guidance here, but should”
Verify independently
SEC filings for VZ ↗ · Claim quote is verbatim from the 2024Q3 earnings call.