Verizon Communications, Inc. (VZ) Presents at Morgan Stanley European Technology, Media & Telecom Broker Conference Call (Transcript)

Nov. 14, 2018 11:07 AM ETVerizon Communications Inc. (VZ)
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Verizon Communications, Inc. (NYSE:VZ) Morgan Stanley European Technology, Media & Telecom Broker Conference Call November 14, 2018 4:40 AM ET

Executives

Matthew Ellis - EVP & CFO

Analysts

Simon Flannery - Morgan Stanley

Simon Flannery

All right. Good morning. So continuing the North American telecom theme, it's my great pleasure to welcome Matt Ellis, CFO of Verizon. Welcome to Barcelona, Matt. Thank you for coming.

Matthew Ellis

Thank you, Simon. Thank you for having us here.

Simon Flannery

Great. And as Emmett mentioned, one of the impressive trends on the last few weeks has been the strong performance of some of the U.S. telcos, none more so than Verizon. So we're looking forward to hearing about what's been going on this year and the priorities for next year.

Question-and-Answer Session

Q - Simon Flannery

One of the big changes since last year, obviously, is Hans Vestberg has taken over as CEO. He's announced some organizational changes. So it'd be great to just give us a perspective of the first few months and what his priorities here and how he is structuring the company going forward.

Matthew Ellis

Yes. So good morning, everyone. Before I jump in to answer the question, I'd like to remind everyone of the safe harbor statement, and we'll make some forward-looking comments I'm sure. And obviously, the full statement is available on our IR website. So in terms of the priorities for this year, and I think we've done a good job of executing against them, it's really three major things: executing on the fundamentals in the core business, positioning the company for future growth and then maintaining the disciplined capital allocation. So if I look at each of the three of those, in terms of the - executing on the fundamentals in the core business, it begins with continuing to lead in network performance. And when you look at the third party studies

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