• Verizon CEO: 'This is our peak year' for network investments [telecom]

    From Bill Horne@21:1/5 to All on Mon Oct 24 01:17:47 2022
    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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