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Verizon CEO expecting 5G mobility service revenues in 2021

January 23, 2020

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In 2019 Verizon launched mobile 5G in parts of 31 cities and a number of NFL stadiums and other arenas. While CEO Hans Vestberg, speaking to CNBC during the World Economic Forum in Davos, Switzerland, wouldn’t reveal the 2020 deployment roadmap, he did say the operator expects its 5G mobility business to yield service revenues in the 2021 timeframe.

Vestberg didn’t specify 2020 capex guidance but noted the 2019 capex range of $17 billion to $18 billion and said, “We see that trend continue. We’re building the network in a new way so we fit in everything. We do a lot of fiber, we do a lot of 4G, we do a lot of 5G, and we do it all at once.”

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