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Verizon raises 2020 capital expenditure in 5G push

Published 03/12/2020, 02:38 PM
Updated 03/12/2020, 02:41 PM
Verizon raises 2020 capital expenditure in 5G push
VZ
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(Reuters) - Verizon Communications Inc (NYSE:VZ) 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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