I can't wait to see the 2Q spin from Christopher Robbins and Eore.
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Does the reported union favorable contract agreement and an increase in fiber training mean a shift towards one network strategy?
time to shut down failed mmwave 5g. billions spent on it and nothing to show for it.
mid band 5g will save the day!
There is room to go down. 5G will likely be a 'story' item as there really is no market at this point. Very remnant of the 2000 bubble that wrecked VZ for a number of years.
More cooked books and lies from Verlieson. Only the government has shadier accounting.
Here’s why I do not own shares and suggest others rethink ownership.
My worry is Verizon’s monster debt load with rising interest expense will not mix well with an overall sales decline (or slower than inflation increases). Another worry is escalating union wage costs are coming. Some 30,000 employees are covered by union contracts out of 118,000 in total, with high-end worker benefit and wage costs. Just six weeks ago two Verizon stores in Seattle voted to join a union. The company will likely be required to raise wages closer to the 8% CPI rate annually to keep networks up and running in the future.
If anything has changed since my bearish article in 2016, it would be odds are rising a price war in its commodity-like 4G and 5G wireless offerings could be at hand. Prolonged weakness in the U.S. economy and ramping rates of inflation will surely zap disposable income and consumer spending for many Americans. At some point soon, phone carriers are going to see customers switching to smaller, cheaper cell phone providers through government-mandated tag along services on the big three industry networks, plus movement to less expensive 4G or prepaid no-hassle plans at each carrier. It’s also possible family users will reconsider how many phones are necessary, while low-usage customers may bolt smartphones completely in favor of basic call and text offerings. All of the above would be bad news for wireless provider revenue and income numbers.
This is a critical report for the company which is at a crossroads on it's 5G strategy.