FILE PHOTO: Hans Vestberg, Verizon executive vice president and president of Global Networks and Chief Technology Officer, responds to a question during a panel discussion on 5G wireless broadband technology during the 2018 CES in Las Vegas, Nevada, U.S. January 10, 2018. REUTERS/Steve Marcus/File Photo
In elevating technology chief Hans Vestberg to lead the overall company on June 8, Verizon Communications Inc sent a message to the rest of the industry: It’s doubling down on network expansion to ward off increasingly ambitious rivals.
While AT&T Inc tries to complete an acquisition of Time Warner Inc and T-Mobile US Inc pursues its merger with Sprint Corp, Verizon wants no distractions. It’s betting that being first to build a faster fifth-generation network will give it an edge over competitors for years.
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