Verizon raised its financial expectations for the rest of the year, based on momentum in 5G adoption and wireless service revenue growth as customers step-up to more expensive plans. The carrier said that 20% of its customer base now has 5G phones in-hand.
Verizon also raised its financial guidance for the year from about 3% in wireless service revenue growth, to between 3.5-4%, and also raised its expected earnings per share. Capital expenditure expectations (between $17.5-$18.5 billion, plus another $2-3 billion for C Band deployment) were unchanged.
