During Verizon’s third-quarter earnings call back on October 24, the company’s CEO, Hans Vestberg, was asked very directly by Oppenheimer analyst Tim Horan what he thinks needs to be done for the broader wireless industry to monetize all of its pricey 5G network investments.
Vestberg, who oversaw Verizon’s $45.5 billion commitment for new 5G spectrum at the FCC's 2021 license auction, responded with a 250-word answer that Allison Johnson, writing for The Verge, accurately described as ”a show of verbal gymnastics that meant precisely nothing.” (You can read Verizon's full Q3 earnings transcript to see what she's talking about.)
