Thu. Jan 21st, 2021

Verizon raises 2020 capital expenditure in 5G push

1 min read

(Reuters) – Verizon Communications Inc on Thursday raised its full-year capital expenditure as it accelerates its transition to 5G network.

The company said it expects to spend $17.5 billion to 18.5 billion in 2020, up from its prior forecast of $17 billion to $18 billion.

The carrier also said it has not seen any measurable increase in data use since the coronavirus outbreak.

(Reporting by Amal S in Bengaluru; Editing by Arun Koyyur)