Summary of Verizon Communications Inc. Conference Call Company Overview - **Company**: Verizon Communications Inc. (NYSE: VZ) - **Event**: 51st Annual JPMorgan Global Technology, Media and Communications Conference Call - **Date**: May 23, 2023 - **Participants**: Hans Vestberg (Chairman and CEO), Phil Cusick (JPMorgan) Key Points Industry and Technology - **5G Development**: Verizon is in the second phase of 5G technology, focusing on innovation and advanced applications, with predictions of significant advancements in the next five years [3][4] - **5G Applications**: Key applications include fixed wireless access, private networks, and enterprise solutions, leveraging low latency and high throughput capabilities of 5G [4][8][12] - **Consumer Adoption**: The company has seen substantial growth in fixed wireless access, adding approximately 400,000 new subscribers in the first quarter [8][20] Business Strategy - **Network Infrastructure**: Verizon has built a robust fiber network to support its wireless services, with over 50% of radios connected to its own fiber [22][24] - **Service Revenue Growth**: The company aims to grow service revenue through a new flexible pricing plan called "myPlan," which allows customers to customize their service options [29][30] - **Market Segmentation**: Verizon is focusing on both high-end and low-end market segments, with recent strategies aimed at improving performance in the lower segment [38][41] Financial Performance - **Capital Expenditure**: Verizon's capital spending is projected to decrease from nearly $24 billion in 2022 to a range of $18.25 billion to $19.25 billion in 2023, with expectations of stabilization around $17 billion in the future [63][64] - **EBITDA Goals**: The company has a long-term goal of achieving a 25% EBITDA margin, supported by cost-cutting measures and growth in wireless and fiber services [62][68] Market Position and Competition - **Wireless Market Resilience**: Despite perceptions of maturity in the wireless market, Verizon believes there are significant growth opportunities driven by innovation and the increasing necessity of wireless services in society [16][19][72] - **Churn Management**: The company has seen a decrease in churn rates, attributed to the introduction of the myPlan and the bundling of services [46][47] Future Outlook - **Growth Potential**: Verizon is optimistic about the future of wireless services, citing the importance of mobility, broadband, and cloud services as essential infrastructure for society [16][72] - **Business and Consumer Segments**: The company expects continued growth in both business and consumer segments, with a focus on leveraging its strong network and customer relationships [57][72] Additional Insights - **Consumer Sentiment**: Research indicates that consumers value control, simplicity, and value in their service plans, which has influenced Verizon's new pricing strategy [29][30] - **Competitive Landscape**: The company acknowledges the competitive nature of the industry but remains confident in its ability to maintain a leading position through innovation and customer-centric strategies [72]

Verizon Communications Inc. (NYSE:VZ) SVB MoffettNathanson Inaugural TMT Conference May 16, 2023 8:00 AM ET Company Participants Sowmyanarayan Sampath - EVP and CEO for Verizon Consumer Group Conference Call Participants Craig Moffett - MoffettNathanson Craig Moffett So good morning, everybody. First, I want to say thank you to those of you in the room and everyone who is listening via webcast and welcome to the first annual MoffettNathanson TMT Conference. This would be the 10th MoffettNathanson Media & Co ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark one) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) ☒ OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) ☐ OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 1-8606 Verizon Communications Inc. (Exact name of registrant as specified in its charter) Delaware 23-2259884 (State or other juris ...

Verizon Communications Inc. (NYSE:VZ) Q1 2023 Earnings Conference Call April 25, 2023 8:30 AM ET Company Participants Brady Connor - Senior Vice President, Investor Relations Hans Vestberg - Chairman & Chief Executive Officer Matt Ellis - Chief Financial Officer Tony Skiadas - Chief Financial Officer Conference Call Participants John Hodulik - UBS Brett Feldman - Goldman Sachs Simon Flannery - Morgan Stanley Phil Cusick - JPMorgan David Barden - Bank of America Michael Rollins - Citi Craig Moffett - Moffet ...

“Safe Harbor” Statement NOTE: In this presentation we have made forward-looking statements. These statements are based on our estimates and assumptions and are subject to risks and uncertainties. Forward-looking statements include the information concerning our possible or assumed future results of operations. Forward- looking statements also include those preceded or followed by the words “anticipates,” “believes,” “estimates,” “expects,” “forecasts,” “hopes,” “plans” or similar expressions. For those stat ...

Verizon Communications Inc. (NYSE:VZ) Morgan Stanley Technology, Media & Telecom Conference March 7, 2023 11:00 AM ET Company Participants Matt Ellis - Chief Financial Officer Conference Call Participants Simon Flannery - Morgan Stanley Simon Flannery All right. Good morning, everybody, and welcome to Day Two of the TMT Conference. We're delighted you could all join us right on early this morning, and we're particularly happy to have Matt Ellis here today from Verizon. Thanks for joining us again, Matt. I w ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark one) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 1-8606 Verizon Communications Inc. (Exact name of registrant as specified in its charter) Delaware 23-2259884 (State or other jurisdicti ...

Verizon Communications Inc. (NYSE:VZ) Q4 2022 Earnings Conference Call January 24, 2023 8:30 AM ET Company Participants Brady Connor - Senior Vice President, Investor Relations Hans Vestberg - Chairman and Chief Executive Officer Matthew Ellis - Chief Financial Officer Conference Call Participants Simon Flannery - Morgan Stanley John Hodulik - UBS Brett Feldman - Goldman Sachs Phil Cusick - JPMorgan David Barden - Bank of America Michael Rollins - Citigroup Craig Moffett - MoffettNathanson Kannan Venkateshw ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 1-8606 Verizon Communications Inc. (Exact name of registrant as specified in its charter) Delaware 23-2259884 ...

Verizon Communications Inc. (NYSE:VZ) Q3 2022 Earnings Conference Call October 21, 2022 8:30 AM ET Company Participants Brady Connor - Senior Vice President, Investor Relations Hans Vestberg - Chairman and Chief Executive Officer Matt Ellis - Chief Financial Officer Conference Call Participants John Hodulik - UBS Brett Feldman - Goldman Sachs Simon Flannery - Morgan Stanley Phil Cusick - JPMorgan David Barden - Bank of America Michael Rollins - Citigroup Tim Horan - Oppenheimer Craig Moffett - MoffettNathan ...