Verizon’s Sampath stresses focus on mobile and fiber

In regards to the newly announced Verizon and Frontier deal, Verizon Consumer Group CEO Sowmyanarayn Sampath said, “This is exactly the kind of deal we’ve wanted to do. It goes back to the foundation of our strategy," he said. "There are two businesses we are in: premium mobility and broadband. We’ve divested a lot of non-core assets, and we’re focused on mobility and broadband.” Sampath's focus on wireless and broadband is uncannily similar to the message that AT&T CEO John Stankey has been delivering about AT&T’s focus on 5G and fiber. For Verizon and Frontier, when the deal closes, Verizon says it will pass 30 million homes with fiber.