Verizon CEO Hans Vestberg on the challenges of global expansion
Globalization Challenges - The industry has long questioned the feasibility and regulatory allowance of true globalization [1] - Regulations historically prevent consumer and wireless businesses from being global due to a lack of synergies between companies across the globe [2] - In Europe, the trend is towards fewer companies operating in fewer markets [2] Business Opportunities - Large enterprise customers, such as banks, desire a single provider for private IP networks worldwide [2] - The company can fulfill this need through its assets and partnerships [2] Historical Context - The possibility of a Verizon and Vodafone merger was discussed approximately 25 years ago [1]