Is Verizon Stock a Buy?
Verizon Communications (NYSE: VZ) launched its first 5G market in the spring of 2019. The rollout has continued to progress as the New York-based telecom giant has spent several years and tens of billions of dollars to launch 5G service nationwide.
Now, with Apple expected to release 5G-compatible phones, its network will likely begin to draw more interest and engagement. As 5G utilization sees a dramatic increase, the question now is whether and how much this will help Verizon stock investors.
Verizon was already the first company to begin launching 5G in select cities. Like its main peers AT&T and T-Mobile, it has invested heavily in 5G. In 2019 alone, Verizon spent just under $18 billion, or almost 14% of its revenue, on capital expenditures. The company spent similar amounts in the previous two years. Most of these outlays went to the 5G buildout.
Source Fool.com
