Company Overview - Viper Networks has established a new subsidiary, 0Wire (CARICOM), Ltd., in St. Lucia to serve as a holding company for its operations in the Eastern Caribbean Telecommunications Authority region, which includes St. Kitts, Dominica, St. Lucia, St. Vincent, and Grenada [1] - The company aims to provide advanced telecommunications services, including fixed wireless access, home and business Internet access, and telephony services [2] Service Deployment - The first deployment of 0Wire's services is scheduled for Dominica in the first quarter of 2026, with corporate actions and licensing already underway [2] - 0Wire will also launch mobile services in the United States targeting expatriates from the Eastern Caribbean, allowing seamless communication across borders [3] Community Engagement - 0Wire plans to support local ICT initiatives by offering free telecommunications services to children under twelve in households with a 0Wire subscriber and providing free Internet service to schools that facilitate access [4] Strategic Vision - The management of 0Wire believes that mobility and fixed wireless access will be key growth areas, aiming to create a sustainable competitive advantage through innovative service offerings [5]

Core Insights - Verizon reported strong financial performance in Q1 2025, driven by innovative and segmented product offerings that cater to the evolving needs of consumers and businesses [2][4] - The company remains confident in achieving its full-year guidance for 2025, focusing on growing wireless service revenue, expanding adjusted EBITDA, and generating strong free cash flow [2][10] Financial Performance - Earnings per share (EPS) increased to $1.15 in Q1 2025 from $1.09 in Q1 2024, with adjusted EPS rising to $1.19 from $1.15 [7][24] - Total operating revenue reached $33.5 billion, reflecting a 1.5% year-over-year increase [7] - Consolidated net income for Q1 2025 was $5.0 billion, up from $4.7 billion in Q1 2024 [7] - Free cash flow improved to $3.6 billion in Q1 2025, compared to $2.7 billion in Q1 2024 [7][26] Wireless and Broadband Segments - Total wireless service revenue was $20.8 billion, marking a 2.7% increase year-over-year [7][6] - The company achieved broadband net additions of 339,000 in Q1 2025, with total broadband connections exceeding 12.6 million, a 13.7% increase year-over-year [5][10] - Consumer wireless service revenue grew to $17.2 billion, up 2.6% year-over-year [10] Business Segment Performance - Verizon Business revenue totaled $7.3 billion, a decrease of 1.2% year-over-year, but business wireless service revenue increased by 2.8% to $3.6 billion [10][9] - Business operating income surged by 66.4% year-over-year to $664 million, with a segment operating income margin of 9.1% [10][29] Debt and Cash Flow Metrics - Total unsecured debt at the end of Q1 2025 was $117.3 billion, down from $128.4 billion at the end of Q1 2024 [7][23] - The ratio of unsecured debt to net income (LTM) was 6.4 times, while the net unsecured debt to consolidated adjusted EBITDA ratio was 2.3 times [7][23] Outlook and Guidance - Verizon anticipates total fixed wireless access net additions of 308,000 in Q1 2025, aiming for 8 to 9 million fixed wireless access subscribers by 2028 [10] - The company expects total wireless service revenue growth of 2.0% to 2.8% and adjusted EBITDA growth of 2.0% to 3.5% for 2025 [11]

NEW YORK, Feb. 28, 2025 (GLOBE NEWSWIRE) -- The Board of Directors at Verizon Communications Inc. (NYSE, Nasdaq: VZ) today declared a quarterly dividend of 67.75 cents per outstanding share, unchanged from the previous quarter. The quarterly dividend is payable on May 1, 2025, to Verizon shareholders of record at the close of business on April 10, 2025. Verizon demonstrated strong performance in 2024, as it more than doubled wireless postpaid phone net additions compared to 2023, and continued to take broad ...