Verizon reported a 1.6% year-on-year decline in revenue for the first quarter to 31.6 billion US dollars, as wireless equipment revenue fell almost 19% amid the Covid-19 lockdown.
The US telco reported capital expenditures for the quarter of 5.3 billion dollars "to support the capacity for unprecedented traffic growth across Verizon's networks and the deployment of fiber and additional cell sites to support the company's 5G Ultra Wideband rollout." source: Verizon statement
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