Verizon expects 2010 CAPEX of $16.8bn-$17.2bn (USA)

www.WirelessFederation.com/news: Verizon Communication, the telecommunications giant has announced that its capital investment this year will be very similar to last year. A full-year CAPEX of $16.8 billion to $17.2 billion is also expected by the company which is roughly flat from 2009, besides expecting continued strong free cash flow this year.

Company’s strong wireless business will provide it with much of its cash flow while the joint venture of Verizon and Vodafone Group Plc, Verizon Wireless is also expected to contribute much of the cash flow growth.

Customer growth is also expected by Verizon in the fiscal first quarter. Verizon Wireless still has the opportunity to grow its more lucrative contract customers which is very much unlike other carriers focusing their attention on the prepaid business.

The price of the unlimited calling plans was reduced by Verizon Wireless by $30 to $70, earlier this year. According to Chief Financial Officer John Killian, the company will have a strong first quarter for wireless subscriber growth in the first quarter, and that prepaid wireless service will start to pick up.