Business & Finance
Verizon raises 2020 capital expenditure in 5G push
The company said it expects to spend $17.5 billion to 18.5 billion in 2020, up from its prior forecast of $17 billi
- The company said it expects to spend $17.5 billion to 18.5 billion in 2020, up from its prior forecast of $17 billion to $18 billion.
- The carrier also said it has not seen any measurable increase in data use since the coronavirus outbreak.
Verizon Communications Inc on Thursday raised its full-year capital expenditure as it accelerates its transition to 5G network.
The company said it expects to spend $17.5 billion to 18.5 billion in 2020, up from its prior forecast of $17 billion to $18 billion.
The carrier also said it has not seen any measurable increase in data use since the coronavirus outbreak.
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