We have been talking about this for one and a half year. And about the CapEx, I’m just looking back at three years that I have been at Verizon, even though the overall absolute number of CapEx has been very stable, what is inside has dramatically changed all the time, because we together with our engineering team is all the time doing the right priorities given the assets we have. I know you can’t talk too much about spectrum, but how may capital spending shift there?
We remain committed to serving the needs of these important customers, including all those on the frontline as they continue to adapt to new ways of doing business.Throughout the quarter, we made a number of voluntary commitments, most notably participating in the FCC's Keep Americans Connected pledge to ease the impact on consumers and small businesses by waiving various fees, agreeing not to disconnect eligible customers for nonpayment and providing increased data to metered customers, among other initiatives.The effect of these commitments, along with reductions in roaming and other usage-based activity, resulted in headwinds on total wireless service revenue in the quarter that were in line with the expectations shared on our first quarter earnings call.Ongoing impacts to customer behavior from the pandemic mean that usage-based revenue, including roaming revenue and travel pass is likely to be suppressed for some time. For me, I think it’s the new normal. Verizon (NYSE: VZ) earnings for the second quarter of fiscal year 2020 have VZ stock climbing on Friday. One, just given the various moving parts as it relates to free cash flow and some of the bigger benefits you saw in the second quarter that were one-time, I was wondering if you can give some color on what free cash flow could look like for the back half of the year or more simplistically, whether or not you expect free cash flow in 2020 to be above or below that of 2019?
But all-in-all, the pressures that we saw in the quarter from COVID were as expected. As I said, we are building 5G that’s transformative, not the me-too to my 4G.Great. Our 5G are, of course, of essence, coming into the second half, but that’s already been built in as we’re building so much in the first half.The way we have been dealing with the pandemic and all the other crisis will continue, of course, in the second half. Let’s do one more from the audience here.Thank you. Matt?Yes. And then you also see cases where sort of IoT devices with 5G will actually enable a new way of delivering a service. Business EBITDA margin in the quarter was 26.2% as compared to 27.3%, which included approximately 20 basis points of headwind from the deferral of commission expense.Now let's move on to Slide 12 to discuss Verizon Media Group. (Ookla) When it comes to strictly 5G connections, Verizon had the highest speed score at 870.50 … Our last question comes from Colby Synesael of Cowen. And the self-install, which I have been talking about now for one and half year, which excites me that our customers should be able to receive the gear, the CPs and be able to install themselves in a short timeframe. But of course, our team was working to prepare all the networks so we can actually deploy DSS in all the radio base stations we have. And we are disclosing that – usually on a fairly frequent basis how that map is growing. Thanks.On the enterprise, to some extent you’re right, because certain customers are delaying and not doing decisions. Fios video net losses were consistent with previous quarters as cord cutting trends continued.Now, let's move to Slide 9 to discuss the consumer financial performance.
Today's conference is being recorded. All rights reserved. However, you’re going to see that in the second half of this year we have a lot of new things happening and building on the foundation of the strategy and the strategic priorities that Verizon has outlined the last couple of years.If we then look into the different segments and first of all starting with Verizon Consumer Group in the second quarter, continued to gain improvements when it comes to the customer loyalty, not only in national but also by creating new services. We build things that are transformative that are so different than others. Then, of course, there are some advanced customers. One area where the volumes do maybe have an EPS or EBITDA impact is in especially enterprise and public sector where you still have some of those sales on a subsidy model. Therefore, we have now met our commitment to return to our pre-Vodafone credit rating profile.Let’s move on to Slide 15 to take a deeper look at the trends we have seen exiting the second quarter. So I think they are well prepared.
We have always had competition. As we have said before, minimum of 10 5G Home cities.
Total revenue was $1.4 billion, down 24.5% compared to last year, primarily as a result of COVID-related impacts.We continue to drive increased customer engagement on our owned and operated properties and saw monthly active users up approximately 4% with strength in both Yahoo! If you think about the Mobile Edge Compute, just last week we announced partnership with IBM and with SAP. So we saw that customers want to continue to pay for the service they get from us. And so we’re very excited about that as we head into '21 with the progress we’re making this year.Yes. Technical Analysis Fundamental Analysis Hype Product Development Forecasting Valuation Advice Volatility Leverage Analysis Risk Management Market Trends Investing Education Insider Trading Thematic Ideas Latest Stories.
Many of these states, municipalities, of course, need to go to new models of delivering services to the students or to the community at large. Angela, we’re ready for the next question.Thank you. I think our customers will be very excited in the second half. And as I said several times before, our metrics has proven to be far better than we even initially thought, meaning how many have taken the premium from the beginning and how many were converting to paying customers. Good questions. So I’m not expecting to see a significant headwind to the EBITDA in 3Q as volumes pick up.Thanks, Dave. Of course, we have some extraordinary tax items there, but in general it was a strong cash flow quarter. 1125 N. Charles St, Baltimore, MD 21201. Thank you. We are working with affected customers and have a long and successful track record in this area.
Thanks, Peter.