Verizon Investor Meet Focuses on the Network; Fair Value Estimate Remains $58
Verizon’s investor meeting held on Feb. 21 emphasized several familiar themes--the firm aims to lead the race to 5G, with fiber deployment a central piece of this effort, and it will reorganize the business around customer types rather than network function, changing the way it competes while also cutting costs. Verizon did seem to hedge its plan to reach 30 million households with fixed-wireless broadband service, reinforcing our view that the service will be confined to fairly narrow niche mar...Verizon Communications is a holding company. Through its subsidiaries, the company provides communications, information and entertainment products and services to consumers, businesses and governmental agencies. The company has two reportable segments, Verizon Consumer Group (Consumer) and Verizon Business Group (Business). The company's Consumer segment provides consumer-focused wireless and wireline communications services and products under the Verizon brand and through wholesale and other arrangements. The company's Business segment provides, among others, wireless and wireline communications services and products, video and data services, corporate networking solutions, security and managed network services.
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