Verizon CEO Vestberg Says Amazon 5G Pact Is a Win-Win for Both Companies

The transcript discusses the significance of 5G technology and its potential impact on various industries. It highlights the importance of partnerships, such as with Amazon, to leverage 5G's capabilities like low latency and high throughput. The business model involves shared costs and revenues, aiming for a win-win situation. The rollout of 5G is expected to attract new customers and enhance services for existing ones. Despite competition from T-Mobile, Verizon focuses on providing superior network experiences. Potential industries for 5G include retail, logistics, healthcare, and manufacturing.

What is one of the key strategies mentioned for making 5G a viable product?

• Focusing solely on existing customers

• Increasing the number of 4G users

• Forming partnerships with companies like Amazon

• Reducing the cost of smartphones

How does the partnership with Amazon benefit both parties?

• Both parties share costs and revenues

• Amazon provides free cloud services

• Amazon gains control over Verizon's network

• Verizon gets exclusive rights to Amazon's customer base

What is a unique feature of 5G compared to 4G?

• Higher latency

• Lower throughput

• Limited to urban areas

• Ability to connect a million devices per square kilometer

What is one of the new business opportunities mentioned for Verizon with 5G?

• Offering 5G mobile edge compute

• Partnering with more smartphone manufacturers

• Reducing data plan prices

• Expanding 4G services

What is the expected timeline for 5G mobile edge compute to impact revenue?

• 2023

• 2020

• 2021

• 2022

How does Verizon plan to compete with T-Mobile in the 5G space?

• By acquiring smaller telecom companies

• By focusing on 4G expansion

• By providing a superior customer experience

• By offering lower prices

Which industry is NOT mentioned as a potential beneficiary of 5G capabilities?

• Healthcare

• Education

• Retail

• Logistics