Verizon has reported its Q2 earnings, breaking records on strong 5G growth.
Following reports Verizon was exploring a sale of Yahoo and AOL, its Verizon Media business is being sold to Apollo Funds.
Verizon reported its first-quarter results, citing a strong start to the year despite reporting 178,000 phone net losses.
Verizon has announced that it is buying TracFone, the country’s largest prepaid wireless reseller, for $7 billion in cash and stock. Over 13 million TracFone subscribers currently use the Verizon cell network via a reseller deal.
What’s important is that we are building a transformative 5G says Verizon CEO Hans Vestberg. It will have the ultra-wideband that nobody else has with the highest speeds in the world on 5G. Then we are going to have 5G nationwide in the second half.
Verizon is downplaying 5G, when compared to 4G, saying customers will only see “some improvements” initially.
In an interview with Bloomberg Businessweek, Verizon CEO Hans Vestberg talked about Verizon’s recent cloud partnership with Amazon, as well as the transformative effects 5G will bring, especially when paired with cloud computing. On Cloud Computer Partnership With Amazon “It…
“I hope not, because one of the beauties of this industry is that we’ve done standardization, which means that you can bring your phone from whichever country you’re in and go to another country and it works.” Verizon Chairman &…
“I think we will have (functional phones running on 5G in 50% of the country) by next year,” says Verizon CEO Hans Vestberg. “It is a functionality called DSS, dynamic spectrum sharing, where basically it’s agnostic to what type of phone you have. I think that it’s going to be next year.”