Verizon Chief Hans Vestberg Restructures Around Three Businesses
- Wireless, landline unite under consumer and enterprise groups
- Network priority aimed at gaining lead against distracted foes
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Verizon Communications Inc. unveiled a reorganization focused on three groups -- consumers, business customers and media -- as part of Chief Executive Officer Hans Vestberg’s plan to advance 5G wireless technology.
Vestberg, who spent his entire career at communications-equipment maker Ericsson AB before coming to Verizon in April 2017, is making network technology a priority throughout the company. Fifth-generation wireless service, or 5G, is a particular focus.