So for Disney+ you're the natural partner for Disney and the impact for both of you is highly dependent upon getting Verizon customers to sign up and use Disney+ or would you consider a good conversion rate for unlimited customers, the Disney+ customers and should we benchmark it to Apple Music usage and any sort of go-to-market strategy commentary around that would be interesting, but also your proving that you could partner with great content and I do -- I'm interested in your comments on the benefit of owning media and in particular the Verizon Media Group? The CEO is sticking to his knitting though, with a service range of 2,000 feet, non-line of sight baseline expectation. Thanks, Matt. It's just that we are having -- we are on the four foot right now as Matt said, we have a good chance to continue to monetize on that and I think we have a good compelling network and customer offering. How do you prioritize your returns of cash to shareholders versus sort of other needs like spectrum for instance, and is there a chance that we could see buybacks come back into the cards next year? About Us We have more to do in the fourth quarter which is exciting and then of course we continue with discipline in the financial environment that we're already in and executing very carefully, but also taking opportunities when we're seeing them in the marketplace. You may go ahead with your question.Hey guys.
They will also have not, so that we see and as Brian Higgins so that is leading our device organization has said basically all phones coming out next year will it be 5G capable. Looking at overall wireless, which includes both consumer and business, total operating revenues increased 2.6% to $23.6 billion in the third quarter, primarily driven by a 2.7% increase in service revenue. So I think that's what is important for us. In comparison, Verizon expects its capex for 2019 to be in the range of $17.0 billion–$18.0 billion, while AT&T expects gross capex of $23.0 billion. If you look at the wireless numbers as a whole. Just recently, we have made announcement with Disney and our agreement with Disney [Indecipherable] Disney+. Reporting by Amal S in Bengaluru; Editing by Arun KoyyurFILE PHOTO: A contract crew from Verizon installs 5G telecommunications equipment on a tower in Orem, Utah, U.S. December 3, 2019.
Your line is open.Great. That's a totally new way how we use the technology, which we have never been able to do before, because stand-alone fixed wireless access can never be sustainable financially, in this case it is. So all of those things that we're doing around the customer proposition are really driving a lot of positive trajectory for the business right now and we have good line of sight for that continuing as we go forward.All right, thanks, Colby. Revenue from our wireline products declined 6.7% in the quarter.From a customer group perspective, global enterprise revenues declined 2.4%, driven by legacy pricing pressure and technology shifts. For the third quarter, Verizon Media Group revenue was $1.8 billion which was down 2% versus the prior year. Hey, Brad, we're ready for the next one.Thank you. And I was hoping you could maybe just sort of frame to us why you see this opportunity as we're sort of late in the 4G cycle not quite in the 5G cycle yet? Thanks.Thank you. But as you say, it's -- you saw a good increase in that line in the quarter, we continue to add value to our customers as an example of how we think about the consumer offering holistically, whether that be the core service they're having on the best network, whether it'd be bringing value like we have this year, first with Apple Music and now with Disney+ and how we bring other services such as to total mobile protection, cloud storage, etc., etc. And as you heard from Matt, that means we come in with a good momentum in the fourth quarter and our wireless service revenue is now increasing our guidance for the fourth quarter. So thank you very much for being on the call today.Stock Advisor launched in February of 2002. For the third quarter, we reported earnings of $1.25 per share on a GAAP basis. Thanks.So when it comes to the wireless and first of all, we think the third quarter was very similar in -- the competitive landscape in the third quarter was very similar to the second quarter. The top chart shows consumer revenue of $22.7 billion in the quarter, after removing consumer wireline and adding back business wireless, we report total wireless revenues of $23.6 billion with EBITDA margin of 46.8%. The charge is primarily due to a reduction in the discount rate assumption during the quarter. A lot of headwind or a lot of progress in this quarter, especially now 15 markets up, 13 NFL stadiums, a couple of arenas that hold both hockey and basketball as well. Fios Internet net additions of 30,000 were relatively flat sequentially and down year-over-year. I still think that our model for unlimited is really both helping us and our consumers to go to actually move up in the value chain from getting in to the, let's say, the lower tier of unlimited to coming up to the sort of the highest, it's a wide range and of course the highest including 5G. Verizon raises 2020 capital expenditure in 5G push 1 Min Read FILE PHOTO: A contract crew from Verizon installs 5G telecommunications equipment on a tower in Orem, Utah, U.S. December 3, 2019. We continue to be disciplined in our approach to capital allocation and we remain committed to strengthening our balance sheet over our lead in the industry in 5G development.With that, I'll turn the call over to Brady, so we can get to your questions.Thanks, Matt.