Vestberg simply said that "we are experiencing unprecedented changes in the way users interact in the digital world, and we are racing ahead to remain at the forefront of technology, connectivity and mobility".
Verizon named Chief Technology Officer Hans Vestberg as its new CEO on Friday, surprising analysts and signaling the largest United States wireless company's priority is building the next-generation 5G network, not expanding further into media content.
Hans Vestberg, chief technology officer at Verizon, will step into the role of CEO in August, replacing seven year veteran Lowell McAdam. As CTO, Vestberg was the architect of the company's 4G LTE rollout and its plans to build a 5G wireless broadband network.
McAdam's strategic focus on network investment vastly expanded Verizon's capabilities and reach, from the rapid acceleration and deployment of 4G in his first year as CEO to the development of One Fiber/Verizon Intelligent Edge Network, enabling Verizon to be the first company to deliver 5G technology.
Verizon has typically relied on a strong wireless network to grow its customer base, but that strategy has faltered recently as competitors, such as T-Mobile, have improved their service and reputation with customers, said BTIG analyst Walt Piecyk.
Vestberg, who served for six years as chief executive of Swedish wireless gear maker Ericsson, has been leading Verizon's push into next-generation, 5G wireless technology.
Investors may be wondering if Vestberg, who was ousted from Ericsson in 2016 following a series of disappointing financial results and pressure from unhappy shareholders, may be the right person to lead Verizon.
Verizon Communications has named Ericsson former CEO Hans Vestberg as the next CEO and the successor to Lowell McAdam.
Verizon acquired Yahoo and AOL under McAdams administration. The change comes at a time when the company is preparing to deploy its 5G network in the United States. During his tenure, Ericsson could not make huge deals in line with Nokia, the telecom equipment maker from Finland. Let's turn out focus on Hans Vestberg with a few things to know about the new Verizon CEO.
For the first time since 2015 , Square Enix will be doing a pre-E3 presentation, highlighting its coming year (and more) in games. This was followed up with a new trailer , featuring additions such as worlds based on Frozen and Tangled .
Nadal came in looking slightly more vulnerable than he did previous year , in which he lost only 35 games in claiming the title. After Nadal held there for 5-4, Thiem basically handed over the next game - and the set - by making four mistakes in a row.
He also indicated that South Korea , China and Japan would be prepared to invest in the North to boost its besieged economy. At the same time, the United States president thinks that Kim Jong-un can make North Korea great.
Tweeting en route to his next summit in Singapore, Trump said he had instructed USA officials "not to endorse the communique". Mrs May - who he did not name as a leader he had a great relationship with - says his steel tariffs are "unjustified".
Liverpool was hoping to add Fekir to their off-season signings of Monaco midfielder Fabinho and RB Leipzig's Naby Keita. Olympique Lyonnais have put an end to negotiations with Liverpool for the proposed transfer of Nabil Fekir .
The news comes after Activision revealed last month that Call of Duty Black Ops 4 will also have a Battle Royale mode . DICE said Battlefield 5 Battle Royale "will be unlike anything you've played before". "We enjoy it.
Ferrari's Kimi Raikkonen was 0.13 seconds slower, followed by Verstappen's Red Bull teammate and Monaco victor Daniel Ricciardo . It is hard to see anybody, even Valtteri Bottas in the same machinery, beating Hamilton. "The points are tomorrow".
Opposition Labour lawmaker and pro-EU campaigner Chris Leslie said the situation would be laughable if it weren't so serious. Quitting the European Union without a deal would cost Britain £20 billion, the head of HM Revenue and Customs has warned.
There is nothing that indicates Vince Vaughn's arrest or release was handled any differently than any other person's arrest. Vaughn's passenger whose identity is unknown was also arrested for obstruction and public intoxication.
In March 2017 - over a year later - an employee with the Bureau of Licensing realized the NICS records were not being reviewed. His campaign issued a statement saying some background checks were completed later, after officials found out about the lapse.
The Spaniard also won the title without losing a set, becoming the third man to do so in the Open era after Ilie Nastase and Borg. That scenario loomed again with Nadal going to 2-0 in the second set on a fifth break point as Thiem fired another backhand wide.
Vettel's best lap time of one minute 10.776 seconds bested the record of 1:11.459 set a year ago by Mercedes ace Lewis Hamilton . It is the Italian team's first time on pole in Montreal since seven-time champion Michael Schumacher managed it in 2001.
Justify's run in the Kentucky Derby was convincing enough to scare off a few opposing owners and trainers from the Preakness . Justify himself was born on another big day for the Gunther breeding operation, the same Saturday as the 2015 Florida Derby.
Clinical Psychologist Paula Bloom talked with 11Alive to help viewers gain a better understanding of mental health issues. The American Foundation for Suicide Prevention has more information on risk factors and warning signs .
In her role as Sylvia Trench, Gayson, who died on 8 June, helped to create one of cinema's most enduring catchphrases. She also starred in the 1958 Hammer horror classic The Revenge Of Frankenstein alongside the legendary Peter Cushing.
In a bid to increase the longevity of the game, Bioware also promised to regularly add more story content in the future. But if you happen to be within spitting distance of Southern California, you might be able to just go yourself.
As many fans had predicted and hope, Microsoft put a new Halo title on display at their E3 2018 press conference. Developer 343 Industries released the last entry in the series, Halo 5: Guardians , in 2015.
While it might just be an oversight on his part , he did take the time to tweet out a congratulations to Doug Ford on his win. Some electors may be voting in a different location or electoral district for this election.
They say foreign forces are excluded from the cease-fire and Taliban operations would continue against them. The Afghan president's office welcomes Taliban's agreement to a ceasefire during Eid al-Fitr celebrations.
LeBron James hits free agency this summer, prompting one of the biggest decisions that will keep the sports world wondering. Houston had the best record in the 2017-2018 regular season and almost upset the Warriors in the Western Conference Finals.
Securities laws require quarterly reports on profits, revenue and other information but do not require quarterly forecasts. It's "sending the wrong message", Buffett told CNBC's Becky Quick in the interview.
The company said that users can download their chat history to their devices; this option will be available for the next 6 months. There has been a bit of restructuring going after after Verizon acquired Yahoo in 2016 .
Asked whether the trade restrictions threatened to hurt defense ties, Mattis said: "Right now I don't see that". French President Emmanuel Macron aims to set up a new French-led European "intervention force".