Conference Presentation, Fireside Chat, Interview
Hans Vestberg, Chairman and CEO of Verizon Communications
- Verizon intends to accelerate toward long-term growth objectives as the pandemic subsides by executing five distinct transformations under the Verizon 2.0 strategy, including a revised go-to-market structure with consumer, business, and media segments.
- The company aims to capture industry growth by leveraging a multipurpose network to improve capital efficiency and release new 5G services, expecting societal behavior shifts to create future opportunities.
- For 5G Ultra Wideband, Verizon plans to launch service in at least 60 cities by year-end and likely double the geographic footprint of last year's launches, maintaining a trajectory to meet all annual deployment goals.
- Nationwide 5G commercial coverage is scheduled for the later part of the year via Dynamic Spectrum Sharing, with the network positioned to support 5G services concurrent with iPhone launches or device network filings.
- 5G Home availability is targeted for more than 10 cities in the fourth quarter, with service expected in all markets where millimeter wave technology is deployed, guaranteeing 300 megabits per second outside the Fios footprint.
- Full build-out of the 5G Home target market is anticipated to take five to eight years, beginning in urban areas with millimeter wave and expanding to additional cities over time.
- Fixed wireless access strategies will expand beyond residential homes to include small businesses, while 5G infrastructure monetization will cover mobility, 5G Home, and private solutions.
- Verizon plans to deploy 10 5G mobile edge compute sites with Amazon by year-end, following the launch of a first site earlier in the year and a second site in August, currently offering public developer and enterprise access on a pay-per-use basis.
- Future private 5G solutions are planned for specific facilities such as factories with robotics or warehouses, aiming to generate revenue from platform services beyond simple connectivity and drive new revenue streams.
- The company intends to bundle content services, starting with the Disney bundle (Disney+, Hulu, ESPN+) as a paid offering following successful trial conversions, while selectively adding other "best in class" opportunities that match the Verizon brand.
- Cloud software is being brought to the 5G network edge to provide low latency, high bandwidth, security, and privacy for enterprise applications, with 5G mobile edge compute recognized as one of five growth vectors for future GDP plus.