Verizon CEO: ‘This is our peak year’ for network investments
By Brad Smith
Verizon (VZ) doesn't plan to moderate its network infrastructure
investment, even as recession concerns loom.
"I think the last six, seven years, we have planned exactly how we're
going to invest in the network," Verizon CEO Hans Vestberg told Yahoo
Finance Live (video above). "This is our peak year. We're going to do
somewhere around $22 billion in capex, that's our guidance. And one
portion is our business as usual, and then the other is that the new
spectrum we bought last year is actually coming to execution right
now, and we're doing that as fast as we can."
https://finance.yahoo.com/news/verizon-ceo-peak-year-for-network-investments-131646333.html
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