VER­I­ZON REORGANIZES STRUC­TURE UN­DER NEW CEO TO PREP FOR 5G

Apple Magazine - - Summary -

Ver­i­zon is un­der­go­ing a sig­nif­i­cant re­struc­tur­ing un­der new CEO Hans Vest­berg, in­clud­ing its dom­i­nant wire­less divi­sion, as it pre­pares to roll out its 5G tech­nol­ogy.

Three months af­ter Vest­berg took con­trol, Ver­i­zon said that the New York com­pany will be or­ga­nized into four groups at the start of the year: Con­sumer, Busi­ness, Me­dia, and Global Net­work & Tech­nol­ogy.

Ver­i­zon Con­sumer Group will in­clude the com­pany’s wire­less and wire­line busi­nesses for con­sumers and will be led by Ro­nan Dunne.

The re­main­ing units in­clude The Ver­i­zon Busi­ness Group and the Global Net­work & Tech­nol­ogy or­ga­ni­za­tion.

Vest­berg said in a pre­pared state­ment that Ver­i­zon seeks to op­ti­mize op­por­tu­ni­ties in the new 5G era though its re­struc­tur­ing.

Sev­eral other com­pa­nies are pre­par­ing for the roll­out of faster 5G ser­vice, in­clud­ing key ri­val AT&T. The lat­est mo­bile com­mu­ni­ca­tions tech­nol­ogy is ex­pected to al­low for higher and faster data rates and bet­ter con­nec­tions be­tween mul­ti­ple de­vices.

Ri­val Sprint has al­ready an­nounced that it plans to in­tro­duce a 5G phone in 2019, while AT&T plans to launch 5G in cer­tain cities by the end of the year.

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