Verizon CEO: Government efficiency efforts have hit out public sector customers

Business Performance - Broadband and wireless sectors are performing normally [1] - SMB sector is facing challenges [1] Public Sector Impact - Public sector is experiencing a tougher time due to government efficiency initiatives [1] - Company has a significant market share in the public sector [1] - Customer outflow occurred in the reported quarter and is expected to continue into the first half of the next quarter [2] - Expectation, but without certainty, that the outflow will cease in the second half [2]