Verizon’s CEO Choice Puts Focus Back on Industry Race Toward 5G
In elevating technology chief Hans Vestberg to lead the overall company on Friday, 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. Verizon already sat out the latest round of potential deals — such as bidding on CBS Corp. or 21st Century Fox Inc.’s entertainment assets — even as archrival AT&T is attempting to make itself over as a media distribution giant.
Source:: https://finance.yahoo.com/news/verizons-ceo-choice-puts-focus-195522025.html
