Telecom
Verizon Lost Its Network Superiority — Now It’s Paying the Price
- Two heads of consumer unit have left amid industry-low growth
- CEO Vestberg, a network industry vet, is overseeing that now
This article is for subscribers only.
For Verizon Communications Inc. investors, 2022 can’t end fast enough. By the time the books close, the largest US wireless carrier will have logged a third-straight year of below-industry growth, going from first to last in mobile-subscriber gains.
“Verizon bungled 5G and lost its network leadership position,” said Roger Entner of Recon Analytics, a boutique advisory group.