Verizon CEO: We Are Building A Transformative 5G

“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. We are also going to have the best 4G network. Our customers are going to feel how transformative our 5G is. It is not an incremental improvement from our 4G, it is transformative.”

Hans Vestberg, CEO of Verizon, discusses their planned nationwide launch of their “transformative” Verizon 5G in the second half of 2020:

We Are Building A Transformative 5G

I’m really excited because we have so many launches coming in the second half of 2020. We are on-plan or ahead of all the things we have committed to. What’s important is that we are building a transformative 5G. 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. We are also going to have the best 4G network. Our customers are going to get a great opportunity here.

We will also have a high penetration with IoS (Apple) and the Verizon customer base. Of course, it is going to be more important even when Apple comes out with a 5G phone. We have a great network all the way to the ultra-wideband to 5G nationwide on top of having the best 4G network. Our customers are going to feel how transformative our 5G is. It is not an incremental improvement from our 4G, it is transformative.

Everyone Wants To Beat Us But We Will Not Let Them

We are well-positioned in terms of the competitive landscape. We have worked on our network for three years now to put us in the best position for 5G now. We also have worked on our mix and match that are customers have asked for. In this quarter, we had a record uptake on our premium unlimited. Our customers are moving up the ladder to be part of our services.

Ronan Dunne, who runs the Verizon Consumer Group has a really good plan on how we are going to compete. This is nothing new for us. We have been leading this market for a long time and of course, everyone wants to beat us. We will not let them beat us. We will just execute on the plans we have.