Verizon CEO: ‘This is our peak year’ for network investments
By Brad Smith
Verizon (VZ) doesn't plan to moderate its network infrastructure investment, even as recession concerns loom.
"I think the last six, seven years, we have planned exactly how we're going to invest in the network," Verizon CEO Hans Vestberg told Yahoo Finance Live (video above). "This is our peak year. We're going to do somewhere around $22 billion in capex, that's our guidance. And one portion is our business as usual, and then the other is that the new spectrum we bought last year is actually coming to execution right now, and we're doing that as fast as we can."
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