Verizon’s consumer chief: Net neutrality ‘went literally nowhere’
1 min read
Summary
Hans Vestberg is the CEO of Verizon’s consumer unit, which encompasses wireless, home internet (via Fios), and streaming (via Hulu and Yahoo).
Verizon has focused on a fiber-plus-mobility business strategy, as it bets big on 5G and looks to offer converged services to customers.
America has relatively concentrated telecommunications markets, with Verizon and AT&T as the main wireless providers, and relatively little fiber competition for Verizon’s Fios service.
Vestberg argues Verizon has to keep investing in its networks at the same rate in the future or risk falling behind.
He also defends Verizon’s history of aggressive litigation against regulators, as the company fought against net neutrality rules.
Finally, he discusses Dish Network as a potential competitor in the wireless space.