Verizon Communications closed 2022 with fourth-quarter results marked by wireless service revenue growth and the highest total wireless retail postpaid net additions in seven years. Total broadband net additions of 416,000 was the best total broadband performance in over a decade, reflecting a strong demand for Fios (59,000 net additions) and fixed wireless products. This result included 379,000 fixed wireless net additions, an increase of 37,000 fixed wireless net additions from third-quarter 2022.
Onondaga County (NY) has selected Verizon to deploy broadband in several communities in this Central New York area. With $11.1 million in funding provided as part of the American Rescue plan (ARPA) and a nearly $7 million dollar investment from Verizon, almost $18 million will be spent on bringing all-fiber, high-speed broadband services to over 1,500 locations in the county. Verizon’s bid was supported by the Communications Workers of America (CWA). Verizon will leverage its supplier relationships to meet the goals set by Onondaga County related to Minority/Women-owned Business Enterprises
Verizon experienced a total revenue of $34.2 billion, an increase of 4.0 percent from the third quarter of 2021. Total broadband net additions of 377,000, including 342,000 fixed wireless net additions, reflecting strong demand for reliable and high-value broadband offerings. Total broadband net additions increased by 109,000 from the second quarter of 2022, and fixed wireless net additions increased by 86,000 from the second quarter of 2022.
Verizon announced that select 5G Home and LTE Home Internet services are available for free to qualifying households through the new Verizon Forward Program.