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1		-US:VZ
	1	+US:VZ|GB:0Q1S|USA

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7	7	* is one of the world’s leading providers of communications, technology, information and entertainment products and services
8	8	* In January 2022, the company successfully deployed C-Band spectrum, reaching approximately 100 million people in the U.S.
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11	11	[[image:VZ0.png||height="160" width="720"]]
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35	35	* Year-to-date cash flow from operating activities totaled $28.2 billion, compared with $31.2 billion in 2021. The reduction was primarily due to working capital impacts from higher device activations, and increased inventory levels.
36	36	* Capital expenditures year-to-date were $15.8 billion, including C-Band spending of $4.5 billion.
37	37	* Free cash flow year to date was $12.4 billion.
38		-* Verizon's unsecured debt as of the end of third-quarter 2022 decreased by $1.1 billion sequentially to $131.4 billion. The company's net unsecured debt1 balance decreased sequentially by $1.3 billion to $129.3 billion, and its net unsecured debt to adjusted EBITDA ratio1 at quarter-end was approximately 2.7 times.
	37	+* Verizon's unsecured debt as of the end of third-quarter 2022 decreased by $1.1 billion sequentially to $131.4 billion. The company's net unsecured debt balance decreased sequentially by $1.3 billion to $129.3 billion, and its net unsecured debt to adjusted EBITDA ratio at quarter-end was approximately 2.7 times.
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41	41	[[image:VZ2.jpg]]
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52	52	== Verizon Consumer Group ==
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54		-The company's Consumer segment provides consumer-focused wireless and wireline communications services and products. The company's wireless services are provided across one of the most extensive wireless networks in the United States (U.S.) under the Verizon brand and through wholesale and other arrangements. The company also provide fixed wireless access (FWA) broadband through its wireless networks. The company's wireline services are provided in nine states in the Mid-Atlantic and Northeastern U.S., as well as Washington D.C., over its 100% fiber-optic network through its Verizon Fios product portfolio and over a traditional copper-based network to customers who are not served by Fios. On November 23, 2021, the company completed the acquisition of TracFone Wireless, Inc. (Tracfone), a provider of prepaid and value mobile services in the U.S. Additional information is included in Note 3 to the consolidated financial statements of Verizon Communications Inc. and Subsidiaries.
	52	+The company's Consumer segment provides consumer-focused wireless and wireline communications services and products. The company's wireless services are provided across one of the most extensive wireless networks in the United States (U.S.) under the Verizon brand and through wholesale and other arrangements. The company also provide fixed wireless access (FWA) broadband through its wireless networks. The company's wireline services are provided in nine states in the Mid-Atlantic and Northeastern U.S., as well as Washington D.C., over its 100% fiber-optic network through its Verizon Fios product portfolio and over a traditional copper-based network to customers who are not served by Fios. On November 23, 2021, the company completed the acquisition of TracFone Wireless, Inc. (Tracfone), a provider of prepaid and value mobile services in the U.S.
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57	57	In 2021, the Consumer segment’s revenues were $95.3 billion, representing approximately 71% of Verizon’s consolidated revenues. As of December 31, 2021, Consumer had approximately 115 million wireless retail connections, approximately 7 million wireline broadband connections, which includes Fios and Digital Subscriber Line (DSL) internet connections, and approximately 4 million Fios video connections.
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80	80	* 150 locations around the world
81	81	* 2,770 cities reached by its IP network
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84	84	= References =
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86	86	{{putFootnotes/}}