Verizon Introduces 5G Upload Speeds to Its Next Gen Network
Verizon (NYSE: VZ) kicked off 2020 on a ho-hum note, reporting a not-unusual 50,000 net decline in postpaid net subscribers during the first quarter. Adjusted earnings per share increased 5% from a year ago, but the company updated its full-year forecast for adjusted earnings to be down 2% to up 2% compared with 2019 (previously forecast to be up 2% to 4%) -- thanks to uncertainty created by the COVID-19 pandemic and economic lockdown.
The mobility growth story from the emergence of the smartphone over a decade ago is long gone, but Verizon's network is proving to be a basic staple among customers during the current recession. Q1 2020 wasn't perfect, but it was good enough, and next-gen 5G mobile networks should provide enough of a bump in the coming years to keep Verizon in the lead -- both in terms of its network's technological advantage and in dividend reliability.
Image source: Verizon.
Source Fool.com
