https://www.channelfutures.com/wp-content/themes/channelfutures_child/assets/images/logo/footer-new-logo.png
  • Home
  • Technologies
    • Back
    • SDN/SD-WAN
    • Cloud
    • RMM/PSA
    • Security
    • Telephony/UC/Collaboration
    • Cable
    • Mobility & Wireless
    • Fiber/Ethernet
    • Data Centers
    • Backup & Disaster Recovery
    • IoT
    • Desktop
    • Artificial Intelligence
    • Analytics
  • Strategy
    • Back
    • Mergers and Acquisitions
    • Channel Research
    • Business Models
    • Distribution
    • Master Agents
    • Sales & Marketing
    • Best Practices
    • Vertical Markets
    • Regulation & Compliance
    • Diversity & Inclusion
  • MSSP Insider
  • MSP 501
    • Back
    • Apply Now
    • 2020 MSP 501 Rankings
    • 2020 Hot 101 Rankings
    • 2020 MSP 501 Report
  • Intelligence
    • Back
    • Galleries
    • Podcasts
    • Videos
    • From the Industry
    • Reports/Digital Issues
    • Webinars
    • White Papers
    • Channel Educational Series
  • EMEA
  • Channel Chatter
    • Back
    • People on the Move
    • New/Changing Channel Programs
    • New Products & Services
    • Industry Honors
    • Channel Convergence
  • Resources
    • Back
    • Advisory Boards
    • Industry Organizations
    • Our Sponsors
    • Content Resources
  • Awards
    • Back
    • 2021 MSP 501
    • Circle of Excellence
    • Excellence in Digital Services
    • Top Gun 51
  • Events
    • Back
    • CP Conference & Expo
    • Channel Evolution Europe
    • Channel Partners Event Coverage
    • Webinars
    • Industry Events
  • DE&I
Channel Futures
  • NEWSLETTER
  • Home
  • Technologies
    • Back
    • SDN/SD-WAN
    • Cloud
    • RMM/PSA
    • Security
    • Telephony/UC/Collaboration
    • Cable
    • Mobility & Wireless
    • Fiber/Ethernet
    • Data Centers
    • Backup & Disaster Recovery
    • IoT
    • Desktop
    • Artificial Intelligence
    • Analytics
  • Strategy
    • Back
    • Mergers and Acquisitions
    • Channel Research
    • Business Models
    • Distribution
    • Master Agents
    • Sales & Marketing
    • Best Practices
    • Vertical Markets
    • Regulation & Compliance
    • Diversity & Inclusion
  • MSSP Insider
  • MSP 501
    • Back
    • Apply Now
    • 2020 MSP 501 Rankings
    • 2020 Hot 101 Rankings
    • 2020 MSP 501 Report
  • Intelligence
    • Back
    • Galleries
    • Podcasts
    • Videos
    • From the Industry
    • Reports/Digital Issues
    • Webinars
    • White Papers
    • Channel Educational Series
  • EMEA
  • Channel Chatter
    • Back
    • People on the Move
    • New/Changing Channel Programs
    • New Products & Services
    • Industry Honors
    • Channel Convergence
  • Resources
    • Back
    • Advisory Boards
    • Industry Organizations
    • Our Sponsors
    • Content Resources
  • Awards
    • Back
    • 2021 MSP 501
    • Circle of Excellence
    • Excellence in Digital Services
    • Top Gun 51
  • Events
    • Back
    • CP Conference & Expo
    • Channel Evolution Europe
    • Channel Partners Event Coverage
    • Webinars
    • Industry Events
  • DE&I
    • Newsletter
  • REGISTER
  • MSPs
  • VARs / SIs
  • Agents
  • Cloud Service Providers
  • Channel Partners Events
 Channel Futures

Vertical Markets


Digital Disruption

Verizon CEO to IBM’s Rometty: Industry Disrupted by iPhone, 5G, Fiber, IoT

  • Written by Lynn Haber
  • March 21, 2018
The telecom industry has become amorphous. Verizon is competing with, but also partnering with, those companies trying to disrupt it.

IBM THINK — Verizon CEO Lowell McAdam was one of three top business thinkers who took to the IBM Think 2018 conference stage in Las Vegas Tuesday for a Q&A on disruption in the industry.

Ginni Rometty, chairman, president and CEO of IBM, specifically asked McAdam about the evolution of telecom and what to call it today.

“There really isn’t a name for it anymore because it’s become amorphous. When we started Verizon back in 2000 we controlled the vertical and we monetized the entire stack,” McAdam said. “The day the iPhone was announced, it just turned that around. There’s been a move for us to become more horizontal – just a communications company – and you see us competing with, but partnering with, those trying to disrupt us. We’re trying to make sure that we can monetize above the capital, above the network layer, and it’s an ongoing, day-to-day struggle,” McAdam said.

Verizon's Lowell McAdam

Verizon’s Lowell McAdam

Rometty then asked about having to make choices – business, consumer, media, content – how do you do it?

“We invest about $17-$18 billion a year, and most of those investments really don’t pay off for five years. You mentioned 5G: We declared 5G in 2015, and we won’t launch commercially – only in a small way later this year – and in a big way next year. We’ve always said that the network was going to be the number one thing for us – that’s what we built the brand on – so staying on leading edge [is important], but being able to monetize above that, that’s where things like Oath come in. We decided not to do the linear approach because we see the pressure it’s under. A lot of people thought we should go out and buy a satellite company … but we wouldn’t. But there are things like digital media — AOL and Yahoo are examples of where we think that we can combine it with the best network to be successful.

Verizon combined the assets of Yahoo’s operating business with its existing AOL business to form Oath, a Verizon subsidiary of more than 50 media and technology brands.

“Tim [Armstrong, Oath CEO] and his team, want customers to get what they want how they want it. And, they are going to take Oath for those customers to deliver that service to them,” McAdam said.

Rometty asked him to talk more about making bets on the platform.

“We made two big bets. First, we’re already the largest fiber provider in the U.S., and about a year ago we went out and bought 12 million miles of fiber a year for the next five years. So, we literally have enough fiber to go to Mars. I told Elon Musk that when he lands there, we’re going to have fiber service.”

“On top of that, the plan for fifth-generation technology – I don’t use hyperbole – but I think 5G will usher in a fourth industrial revolution.”

McAdam gave a few examples of 5G’s power. Today, a handset does about 10 MB of throughput; going forward, expect 1 GB to your device. In field trials, Verizon is doing 25 GB of throughput over wireless. 5G allows the big wireless companies to attach 1,000 times more devices to every cell site than what’s possible today.

“Think about smart cities and intelligent lighting. We’ll be able to save cities 70 percent of their energy usage because cameras and facial recognition – and object recognition – will turn the lights up and down when needed,” he said.

Partnering with companies is …

  • Page 1
  • Page 2
Tags: Agents Fiber/Ethernet IoT Mobility & Wireless Vertical Markets

Related


  • Welcome to the Future_white CF logo
    Welcome to the Future
    Channel Partners Online and Channel Futures are ushering in a new era for the channel community.
  • AT&T Alliance Channel Recognizes Top Partners
    The top five solution providers landed in the top tier last year.
  • SDN
    AT&T Again Tops Latest SD-WAN Rankings
    Expansion of carrier managed SD-WAN services in the U.S. increased 39% in 2020.
  • Women's hands joined together
    Female Founders, Investors Propel Spekit's Disruptive Technology
    The company’s in-app training platform is redefining how employees learn and retain knowledge in the workplace.

Leave a comment Cancel reply

-or-

Log in with your Channel Futures account

Alternatively, post a comment by completing the form below:

Your email address will not be published. Required fields are marked *

Related Content

  • Enhanced Zoom Master Agent Program Means Bigger Commissions
  • Building Connections in a Virtual World
  • Aircall Partners Get New Partner Program for App Development
  • AT&T Tops Global Ethernet Providers, Trailed by Colt, Orange Business

Galleries

View all

10 Ways to Keep Customers Safe with Threat Protection by Year’s End

April 9, 2021

Industry Perspectives

View all

Why Every MSP Should Consider TCO When Selecting a BCDR Solution

April 9, 2021

6 Ways to Ready Your Customers for 5G Security Challenges

April 5, 2021

Endpoint Security Is Huge in the Merging New World of Work

April 2, 2021

Webinars

View all

Top 3 Intel Security Technologies To Help Against Advanced Cybercrime Attacks

April 15, 2021

What to Look For: 2021 Threat Report

April 22, 2021

Health Care and SD-WAN: A Seller’s Guide

April 27, 2021

White Papers

View all

Top Tips: How Resellers Can Leverage Rackspace to Enhance Customer’s Cyber Security Protection with Microsoft 365 Security

March 30, 2021

Top Tips: Optimize Your Microsoft 365 Investment with Rackspace Technology

March 30, 2021

The Smart Approach to Cloud Workload Placement Decisions

March 19, 2021

Upcoming Events

View all

Channel Partners Conference & Expo

November 1, 2021 - November 4, 2021

MSP Summit

November 1, 2021 - November 2, 2021

Channel Evolution Europe

November 30, 2021 - December 1, 2021

Videos and Fastchats

View all

FASTCHAT: How Fortinet Reduces Complexity Through Networking, Security

Strong Customer Experience Needs Strong Partner Experience

December 22, 2020

Happy Holidays from Channel Partners & Channel Futures!

December 21, 2020

2021 Excellence in Digital Services Awards App Open

December 9, 2020

Twitter

ChannelFutures

"Who could ask for more?? These guys bring an awesome energy and always highlight the need-to-know of the channel..… twitter.com/i/web/status/1…

April 10, 2021
ChannelFutures

Anti-Asian racism, and racism and discrimination of all forms, have zero place in our society. #StopAsianHate and t… twitter.com/i/web/status/1…

April 9, 2021
ChannelFutures

MSSP @inc_renaissance promotes Trish Kapos to channel chief. #cybersecurity dlvr.it/RxLQ6g https://t.co/oWCdHeRqIW

April 9, 2021
ChannelFutures

.@GetSpectrum ordered to pay @Windstream more than $19 million for deceptive mailer. #lawsuit… twitter.com/i/web/status/1…

April 9, 2021
ChannelFutures

.@Percona says channel can help with #opensource solutions and #databases for everything from aspirational to must-… twitter.com/i/web/status/1…

April 9, 2021
ChannelFutures

Our latest #Cybersecurity Roundup features @HuntressLabs on @Microsoft Exchange exploitation, @ptsecurity,… twitter.com/i/web/status/1…

April 9, 2021
ChannelFutures

.@SemperisTech unveils first branded partner program. #cybersecurity dlvr.it/RxH4Bq https://t.co/TVjG8xhGNv

April 8, 2021
ChannelFutures

.@PerchSecurity announces its 2021 MSP Threat Report, calling on MSPs to build a mature cybersecurity practice.… twitter.com/i/web/status/1…

April 8, 2021

MSSP Insider

Business advice for MSSPs and news from the broader security channel.

Newsletters and Updates

Sign up for The Channel Report, Channel Futures Update, MSP 501 Newsletter and more.

Live Channel Events

Get the latest information on the next industry-leading Channel Partners event.

Galleries

Educational slide shows and images from live events.

Media Kit And Advertising

Want to reach our audience? Access our media kit.

DISCOVER MORE FROM INFORMA TECH

  • Channel Partners Events
  • Telecoms.com
  • MSP 501
  • Black Hat
  • IoT World Today
  • Omdia

WORKING WITH US

  • Contact
  • About Us
  • Advertise
  • Newsletter

FOLLOW Channel Futures ON SOCIAL

  • Privacy
  • CCPA: “Do Not Sell My Data”
  • Cookie Policy
  • Terms
Copyright © 2021 Informa PLC. Informa PLC is registered in England and Wales with company number 8860726 whose registered and Head office is 5 Howick Place, London, SW1P 1WG.
This website uses cookies, including third party ones, to allow for analysis of how people use our website in order to improve your experience and our services. By continuing to use our website, you agree to the use of such cookies. Click here for more information on our Cookie Policy and Privacy Policy.
X