Verizon Business Segment Carried Wireless Business in 2022

While the carrier’s consumer business has struggled in recent quarters, Verizon’s Business segment, led by SMB growth, helped the company close out its fiscal 2022 year on a strong note. ARTICLE TITLE HERE Verizon is leaning on its strength in its core networking capabilities and its rising Business and SMB segments as it focuses on its wireless strategy and growing number of subscribers. The telecom titan’s final quarter of fiscal 2022 (ended Dec. 31) saw gains in Business mobility after Verizon struggled to win over customers — namely, consumers and enterprises — due to macroeconomic pressures throughout the year. “Network quality is the foundation of our strategy and growth … Although we have more work to do, I’m encouraged by the improvements and expect to build on the momentum in 2023,” Verizon CEO Hans Vestberg (pictured) said during the carrier’s earnings call Tuesday morning. The carrier has been taking actions to more efficiently run its business. In October it revealed the creation of the Verizon Global Services (VGS) organization, which the carrier said would streamline shared services teams to free up more capital to the tune of $2 billion to $3 billion so Verizon could further invest in its […]

You may also like...