Question · Q3 2025
Mike Rollins asked for CEO Dan Schulman's perspective on the future of convergence, including desired fiber footprint expansion and the role of fixed wireless. He also sought more context on Verizon's strategy to accentuate growth and deemphasize/exit legacy businesses, asking what proportion of the portfolio is considered strategic versus legacy.
Answer
CEO Dan Schulman expressed strong belief in convergence for revenue synergies and churn reduction, confirming continued investment in both fiber and fixed wireless broadband, including innovative bundling. On portfolio optimization, he stated a focus on broadband and mobility, identified AI infrastructure as a potential opportunity, and noted that some legacy businesses are costing billions in margin, promising more details on divestment/exit plans in January.