He turns off his mobile phone and other devices. He and his wife are fitness enthusiasts. As of 2022, the Verizon CEO Hans Vestberg net worth was estimated to be upwards of 60 million USD.

In 2005, Verizon launched VCast, a multimedia service that allowed people to download apps, music, ringtones, and videos. Verizon launched 3G service in 2002, which doubled the Internet speed of the time to 144kb per second. In August 2002, Verizon began offering local, long-distance and mobile calling, as well as Internet service, in a bundle. It was initially only available to customers in New York and Massachusetts. Manufacturing, very early on, because they see a great opportunity to create a wireless sort of setup in the factories with robotics and all of that. Logistics is another because — the size of the logistics centers that is out there to keep control over things and take real-time decisions because there’s a lot about real-time decision as well.

ceo of verizon net worth

Piecyk noted that the lines between telecom and media companies are becoming increasingly hazy, as wireless firms develop 5G, striking fear into cable companies. There are a lot of things going on in the wireless world with mergers and acquisitions, and Vestberg is in the middle of it all. Verizon Wireless’ customer numbers increased 11.3% from the fourth quarter of 2006, to a total 65.7 million, the company said. Wireless revenue for the quarter was $11.4 billion, up 13.3% from a year ago. Verizon Wireless added 2 million customers during the quarter. Driven largely by gains in its wireless and data businesses, Verizon Communications’ revenue was up 5.5% year over year in the fourth quarter of 2007, and net income was up slightly.

Hans has transformed Verizon’s business, leading the company to be first in the world to deploy 5G home and mobile technology including the nationwide launch of 5G Ultra Wideband in 2022. Under his leadership, Verizon delivers seamless experiences for consumers, including content partnerships with Disney, Discovery+ and Apple Music as well as for business customers seeking mobile edge compute solutions. https://xcritical.com/ In its consumer and enterprise businesses, Verizon offers clients maximum optionality. Verizon has consistently provided customers with the most reliable network in the United States. I think we already are leaning into the Fios footprint and actually doing more. I mean, I think this year, we’re doing more open for sale than we have done in a long time, but we’re also adding a lot of new customers.

You can actually pick and choose whatever over the top you want. So there’s a lot of other additions we can do that hasn’t been able to do in the broadband business before. We believe it’s a big growth opportunity for us. We have seen how great we have been doing on — with fixed wireless access in the beginning here with millimeter wave and 4G. And of course, this will kick off when we get the C-band launched because then we can address so many more households.

In early November 2009, AT&T filed a lawsuit in Atlanta federal court, claiming that the coverage maps being used in the ads were misleading. The suit was dropped later that month in conjunction with Verizon dropping a similar suit against AT&T. The company offers Internet, traditional landline phone or VoIP, Home Security, Premium Television, Web Hosting and wholesale data in nine states footprint across the eastern United States. On January 17, 2019, Verizon announced that it would offer anti-spam and robocalling features free of charge to all customers beginning in March.


Annual reports of executive compensation and pay are most commonly found in the Def 14a documents. In January 2007, Verizon secured exclusive marketing and promotional rights with the National Hockey League. The deal was extended for another three years in 2012 and included new provisions for the league to provide exclusive content through Verizon’s GameCenter app.

And #2, I also have all the service offerings that I can do uniquely for us, with everything from discovery+, Disney+, music, gaming that we can put on the platform as a converged if we want to. Before joining Verizon, Hans served for six years as president and CEO of Ericsson, a multinational networking and telecommunications equipment and services company headquartered in Sweden. In 2007, he became Ericsson’s chief financial officer, and was promoted to CEO in 2009.

Are Insiders Buying Or Selling Shares Of Verizon Communications?

Our commitment is one year after we won the auction, we sold 100 million POPs on the C-band. There’s no change to that commitment and that target. I mean, this sounds crazy, but I feel even more confident because now I have all the asset. When I said that, I didn’t have TracFone. The C-band was sort of an idea that we had. So we have added things in the portfolio.

  • Verizon Communications is a popular American telecommunications conglomerate company.
  • History of Verizon Wireless begins 19 years ago, specifically on April 4, in the year of 2000.
  • So for that reason, we see our customers actually coming into this.
  • But I feel that we’re first out of the gate.
  • And the reason is, there are very few towers flow to an airport.

But it’s still going to be that we can offer as much data as they want them and as well done before. Yes, as we turn on more spectrum on C-band over time, we just open up new opportunities. But of course, when we turn on the first tranche of C-band, we’re going to open up quite a lot of new opportunities, which we will, of course, execute on as soon as we can, and we are ready to do that immediately.

Therefore, his height will be listed once we have it from a credible source. According to our research, Hans has managed to keep details about his parents and siblings away from the public. This is because he is a reserved businessman who doesn’t like to mention personal matters in media interviews.

Now I think that, first of all, C-band will be an important enabler when that come because that opens up more opportunities together with the millimeter wave and the 4G. So I think that we will have a time here when we’re going to roll it out. Remember also, the C-band is adding spectrum over time. So we’re going to increase our opportunity to 50 million to 70 million households over time. So of course, it’s not that we will reach any peaks in ’22. We’re going to see more opportunity as we turn on more and more spectrum over time.


At one point, he was chairman of the Swedish Handball Association, and he’s even a trainer for one handball team in Stockholm—IFK Stocksund PO2. For two years starting in 2016, he also served as President of the Swedish Olympic Committee. For ceo of verizon net worth inquiries related to this message please contact our support team and provide the reference ID below. Grant Gross edits and assigns stories and writes about technology and telecom policy in the U.S. government for the IDG News Service.

And we also announced just recently our new Head of HR, which also is a great addition to the team. So I feel really good and excited with that team going into ’22. Verizon is a popular and well-cherished multinational American telecommunication conglomerate. It is a telecommunication mass media company which is founded on the 7th of October in the year 1983 in America. It is a public type of franchise that serves the worldwide and especially the United States. The franchise offers wireless services and products, and it is a subsidiary of Verizon Communications.

Verizon Revenue, Income Up, Helped By Wireless And Data

And remember also, I mean when it comes to millimeter wave, we are doubling our footprint this year from 14,000 to plus 14,000 small cells. So we’re also doing that at the same time. And then we have seen that the 4G has been working very well for us as well. And then we have Fios on top of that, which means that we have a great opportunity to continue with expansion. Vestberg had served as chief technology officer for just over a year. Vestberg, 52, the CEO of Ericsson until he was ousted in July 2016, was chief architect of Verizon’s 4G LTE rollout and its plans to build a 5G wireless network.

Verizon Chief’s Reign Ends, But Gravy Train Thunders On

I mean the Fios product and the Fios footprint, we’re doing extremely well. Going into next year, continue to deploy residential broadband and business broadband based on our Fios. And remember also, we’re doing our One Fiber project, which is basically covering more than 60 markets across the nation to see that we can support our network and support everything.

Is Vestberg Dead Or Alive?

The main goal of the company is to implement new technologies to make our lives easier. Leading people of the company are Hans Vestberg who is CEO of Verizon Communications, and Ronan Dunne, CEO of Verizon Customers. Wireless data revenue was particularly strong, said Doreen Tobin, Venison’s chief financial officer. Wireless data revenue grew by 65% in 2007, she said during a conference call. Verizon focused on growth in a couple of key areas, including its wireless business. © 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions.