Verizon may have shifted a lot of its attention toward wireless services in recent years, but the telco isn’t going to hang up on its wireline network anytime soon.
As the service provider’s wireless business densifies its network and prepares for upcoming 5G rollouts, the role of fiber has become a key underlying asset to support wireless backhaul of these higher speed services.
Matt Ellis, EVP and CFO at Verizon, told investors during the MoffettNathanson 4th Annual Media & Communications Summit that Verizon sees the wireline assets overall as an important element of its network future.
RELATED: Verizon’s Ellis: We’ll look at all options to expand our fiber network
“We’re committed to the wireline business because it’s really the backbone of all of the network services that we’re offering,” Ellis said.
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