There was a changing of the guard at the telecommunications giant in 2018, amid signs that a new era of growth may be dawning for the company which traces it roots all the way back to the original Bell Telephone Co. in 1877. CEO Lowell McAdam retired and handed the reins to an outsider for the first time in the company’s history: Hans Vestberg, the former head of Ericsson who joined Verizon in 2017. Vestberg quickly endorsed his predecessor’s strategy of avoiding large entertainment mergers while doubling down on Verizon’s bet on the new super-fast 5G wireless technology. With its wireless business finally stabilizing after three years of shrinkage, Verizon’s total revenue grew 4% to $131 billion, the highest since 2015. Verizon’s stock price increased 6%, trailing the market but reflecting optimism that Vestberg is the best person to lead the carrier into the 5G era.
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Attorneys general are concerned about lowered competition, the impact on lower-income people, and a rush by the administration to greenlight the deal.
Companies outside of traditional gaming are increasingly attending the conference.
AT&T, T-Mobile, and Verizon are the biggest spenders.
But it would be very good for consumers.