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00:02Verizon raised its annual forecast for wireless subscriber additions
00:06and signed an AI infrastructure agreement worth more than $2 billion with Amazon Web Services, according to Reuters.
00:13The telecom carrier added 406,000 postpaid wireless subscribers in the third quarter,
00:19nearly double analysts' expectations of 209,439.
00:24Verizon now expects $1.1 million to $1.2 million postpaid phone additions this year,
00:30up from $750,000 to $1 million.
00:33It also raised its adjusted earnings per share forecast to $5.04 to $5.06 from $4.99 to $5
00:39.04.
00:41Third quarter revenue of $34.3 billion missed estimates of $34.74 billion.
00:48Under the Amazon agreement, Verizon will provide high-capacity fiber-optic connectivity
00:52for AWS data centers to support growing AI computing workloads.
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