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RE: LeoThread 2024-09-05 05:00

Verizon reiterated its guidance for the year at the same time it announced the acquisition, and that points to another reason for the acquisition. Wireless revenues are due to grow between just 2% and 3.5% (as a point of comparison, they grew more than 8% in 2014), and EBITDA is expected to grow between 1% and 3%. Adding more customers and reach is a bet on fiber’s staying power and promise to offset those figures.