“In less than a week, we have transformed this company dramatically,” he said in the “Mad Money” interview.
In a week-over-week comparison, streaming demand increased 12%, Vestberg said. Web traffic climbed 20%, virtual private network, or VPN, jumped 30% and gaming skyrocketed 75%. Social media usage remained constant.
Verizon announced March 12 that it would step up its capital guidance range to $17.5 billion to $18.5 billion from $17 billion to $18 billion this year as the wireless provider prepares for the 5G transition and to support the economy through the coronavirus crisis. The company said at the time it had not seen a notable increase in data usage as the health epidemic reached pandemic levels.
Network connection is critical, especially for telecommuting and online learning.
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