How 5G Will Transform Verizon's Business
Telecommunications companies have been trying for years to find ways to strategically expand their businesses beyond just providing wireless connectivity. AT&T bought DirecTV and Time Warner to both expand its distribution footprint and enter the media business. Sprint and T-Mobile are attempting to combine in order to create a company with a network and greater scale that allows them to compete more effectively with their larger rivals.
Verizon (NYSE: VZ) has made some of the oddest moves, spending $9 billion to acquire AOL and Yahoo! in order to build out a media business. But none of these businesses have fundamentally moved beyond offering smartphone connections to millions of users around the U.S.
As billions of dollars are thrown around in acquisitions that are intended to drive growth, I think Verizon is still the leader in terms of network and 5G buildout. Today, I want to highlight why I think these investments mean Verizon's biggest growth opportunity may be right under our noses.
Source Fool.com
