Verizon: CEO Talked Q3, Fixed Wireless, Competitiveness & KPIs at GS Conference

(Free on Substack) Company Update (VZ US) (Buy)

A version of this was also published on my Twitter account.

Introduction: Verizon CEO Hans Vestberg appeared at an investor conference (with Goldman Sachs) today (September 21). We highlight his comments on Q3, fixed wireless positioning, overall VZ competitiveness, KPIs and fibre-building below.

Q2 Momentum Has Continued in Q3

With a few days left in Q3, the CEO disclosed that the good momentum Verizon saw in Q2 has continued in the quarter in both its Wireless and Fios businesses:

How Will Fixed Wireless Be Positioned?

The fixed wireless product will be one of the "different solutions depending on customer" in Verizon’s “full market” broadband offering. Management believes it will be competitive against Cable because there will be "underserved parts" of the market, the Verizon product will quicker and simpler product (helped by self-install), and there are existing Verizon wireless customers outside markets already served by Fios: