Verizon Details Cloud Platform Development Plans
At the Barclays Communications and Content Symposium on February 25, 2025, Verizon Communications (NYSE: VZ) Executive VP Joseph Russo discussed the company's network strategy and infrastructure development. Here are three things of note for investors.
Verizon has developed its own virtual cloud platform, focusing on building internal expertise in cloud computing capabilities.
Our philosophy was if we are going to be the best in cloud computing, in virtualized and cloud RAN [radio access network] in the core ... then I better have an organization who's best at that, too. ... We're on this path, and we're probably about five years into this path, 40% of the network done.
Source Fool.com
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