Emulating a nationwide snow day, more and more workers and students across the United States are trading in their cubicles and classrooms for online work and lessons, as the coronavirus continues to infect scores of people across the country.
Because of this, Verizon has announced plans to raise its capital guidance range from a range of $17 billion to $18 billion to a range of $17.5 billion to $18.5 billion in anticipation of a colossal shift in data demand. The company said the move will assist the company’s transition to 5G and help support the economy during this period of disruption.
“We’re looking towards the future and increasing our investments so that we’re poised to offer even more robust networks, to meet future demands, in the years to come,” said Hans Vestberg, chairman and CEO of Verizon. “We are very confident in our company’s ability to meet current demands in providing a great network experience.”
Verizon noted that since the eme
