Verizon to Break Up Wireless Unit in Reorganization [telecom]

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New CEO Hans Vestberg restructures divisions based on types of customers served

By Sarah Krouse

Verizon Communications Inc.'s new chief executive is restructuring the carrier's business lines, including its massive wireless business, in one of the first major organizational changes under his leadership.

Hans Vestberg is reorganizing the company's divisions by the types of customers served, rather than by the type of service provided, the company said Monday.