Verizon CEO Lowell McAdam offered up some details on his company's ongoing 5G trials and the cost savings they could present in limiting installation work in and around the home.
Verizon's second quarter earnings report helps to explain why the carrier is so eager to expand into digital media.
Verizon's Go90 is gradually gaining traction but faces "an uphill battle" against other mobile video and social networking apps and services, according to a study by UBS analysts.
Verizon CEO Lowell McAdam said that the carrier is pleased with the performance of its new Go90 mobile video offering, but he acknowledged that the service has received more publicity than Verizon had intended.
Verizon CEO Lowell McAdam said that the carrier's 5G tests in its Basking Ridge, New Jersey, headquarters have shown speeds of up to 1.8 Gbps, and he hinted that the range of that service could reach up to 1,000 meters. And McAdam said that a fixed deployment of 5G technology could be profitable enough to provide the carrier a complete return on its investment in the technology, irrespective of a mobile 5G service.
Verizon CEO Lowell McAdam issued a statement largely in support of Apple's stance against a technological backdoor into its devices for law enforcement-- a statement that is noteworthy considering the nation's largest wireless carrier had so far remained silent in Apple's ongoing battle against an FBI request for access into an iPhone linked to December's San Bernardino shootings.
T-Mobile executives said Verizon's recent claims over its ability to deploy 5G services are-- ahem-- baloney. "We're starting to see a lot of news starting to form in and around the 5G space," T-Mobile CTO Neville Ray said during a conference call to discuss the carrier's quarterly earnings. "I think folks have seen some of the earlier announcements, and you know, Verizon trying to move and saying they're going to be the first to 5G, well, it's kind of BS, to be honest."
A Verizon acquisition of Yahoo's core Internet business would align with the carrier's broader strategy of leveraging its networks to develop new revenue streams through digital media, analysts at Barclays said.
Verizon CEO Lowell McAdam confirmed the carrier is interested in acquiring at least some of Yahoo's Internet assets, signaling his eagerness to move further into digital media.
Verizon Chairman and CEO Lowell McAdam paid a visit to FCC Chairman Tom Wheeler's office last week where he urged the commission to act quickly to make spectrum bands above 24 GHz available for mobile broadband. He also made a point to describe how LTE-U will allow wireless companies to provide customers with a better broadband experience, according to a Verizon ex parte filing with the FCC.