Bloomberg Talks
Verizon CEO Hans Vestberg Talks Frontier Communications Deal
Sep 5, 2024
Hans Vestberg, CEO of Verizon, dives into the company’s massive $9.6 billion acquisition of Frontier Communications, which enhances their fiber assets. He reveals how Frontier's fiber is akin to Fios, shifting the focus from copper to fiber internet service. Engaging with Bloomberg's Ed Ludlow and Caroline Hyde, they discuss the potential benefits for customer connectivity and the economic boost expected from this strategic move. Vestberg also touches on the importance of robust fiber networks in enhancing AI capabilities and driving business innovation.
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Quick takeaways
- Verizon's acquisition of Frontier Communications for $9.6 billion aims to strengthen its fiber infrastructure, enhancing high-speed internet delivery.
- The integration of AI technology within Verizon's services is poised to improve operational efficiencies and customer service across various sectors.
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