Verizon hints at FWA expansion next year
Posted on May 22, 2024
A top Verizon executive said the operator expects to have 4 million to 5 million fixed wireless access (FWA) customers by the end of 2024. And he said that Verizon will unveil its growth plans for FWA beyond that target at some point in the future.
"We're committed to getting to 4-5 million FWA customers, and then we'll come back and explain how we'll grow beyond that," Sowmyanarayan Sampath, EVP and CEO of Verizon's consumer business, said Tuesday at the MoffettNathanson Media Internet Communications Conference.
Sampath said Verizon currently has enough network capacity to support 4-5 million FWA customers, its target for this year. "We're going to have to come back and explain where we want to grow that business longer term," he said.
The financial analysts at TD Cowen recently predicted the FWA market will continue to grow.
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