Verizon (VZ) CEO says they are targeting the launch of its new value preposition in H1'26; expects at least 3bln of repurchases in 2026; authorised share buyback programme of up to USD 25bln

• Post-paid phone churn remained elevated in Q4 due to prior pricing actions and competition.

Verizon's announcement of a new value proposition and a substantial share buyback program signals strategic positioning ahead of heightened competition. While the planned repurchases reflect confidence in future cash flow, the elevated churn in post-paid phone customers suggests ongoing challenges in retaining subscribers, which could pressure revenue if not addressed effectively.