---
schema_version: "secwatch.filing_event.v1"
accession: "0000732712-24-000065"
form_type: "8-K"
ticker: "VZ"
cik: "0000732712"
company_name: "VERIZON COMMUNICATIONS INC"
filed_at: "2024-10-22T23:59:59+00:00"
generated_at: "2026-05-30T11:58:45.825209+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Verizon reaches FWA target early, sets 8-9M subs by 2028, fiber 35-40M passings, revises leverage target

## Summary
- Reached prior FWA subscriber goal of 4–5M 15 months early; now targets 8–9M by 2028.
- Fiber expansion: expects 35–40M passings over time; Frontier deal adds 9–10M passings; combined builds up to 1M+ annually.
- 2025 capex guidance $17.5–$18.5B, consistent with historical capital intensity.
- Net unsecured debt to adjusted EBITDA ratio target lowered to 2.0–2.25x.
- Capital allocation priority unchanged: industry-leading dividend, debt reduction, buybacks when ratio at 2.25x.

## SEC filing metadata
- accession: 0000732712-24-000065
- form_type: 8-K
- ticker: VZ
- cik: 0000732712
- company_name: VERIZON COMMUNICATIONS INC
- filed_at: 2024-10-22T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/732712/000073271224000065/0000732712-24-000065-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/732712/000073271224000065/vz-20241022.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000732712-24-000065
- JSON: https://secwatch.observer/filing/0000732712-24-000065.json
- Plain text: https://secwatch.observer/filing/0000732712-24-000065.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.