Verizon Focused on 5G Mobility Build, CEO Vestberg Says

The transcript discusses Verizon's 5G rollout progress, including plans to cover 30 cities and several NFL stadiums by year-end. It highlights Verizon's strategy for nationwide 5G deployment, emphasizing their strong 4G network and future 5G capabilities. The conversation touches on spectrum needs and ongoing FCC auctions. The benefits of 5G for enterprises, such as mobile edge computing, are explored, along with a comparison of 3G to 4G and 4G to 5G transitions. The impact of 5G on revenue and competition is analyzed, and Verizon's recent restructuring efforts are mentioned.

What is the current focus of the 5G rollout according to the transcript?

• Densely populated areas with high data demand

• Rural areas with low data usage

• International markets

• Suburban areas with moderate data usage

What is Verizon's approach to the nationwide rollout of 5G?

• Announce plans before execution

• Wait for competitors to lead

• Focus on 4G and delay 5G

• Execute first, then announce

How does 5G benefit business customers according to the transcript?

• By offering exclusive devices

• By enabling cordless innovation and low latency

• By reducing the need for physical offices

• By providing cheaper data plans

What is a key difference between the transition from 3G to 4G and 4G to 5G?

• 4G to 5G offers greater speed and lower latency

• 3G to 4G was faster

• 4G to 5G is less impactful

• 3G to 4G had more devices available

When is 5G expected to impact Verizon's mobility and home services?

• 2022 for both

• 2021 for both

• 2020 for both

• 2021 for mobility and 2022 for home

What restructuring effort did Verizon undertake recently?

• Hiring 10,000 new employees

• Outsourcing and reducing workforce by 17,000

• Opening new offices worldwide

• Merging with another telecom company

How does Verizon plan to handle potential competition from the T-Mobile Sprint deal?

• By increasing marketing efforts

• By lowering prices

• By focusing on their own assets and strategy

• By acquiring smaller companies