Verizon Communications Inc. (VZ) Chairman & CEO Hans Vestberg Presents at Goldman Sachs Communacopia + Technology Conference 2022 (Transcript)

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Verizon Communications Inc. (NYSE:VZ) Goldman Sachs Communacopia + Technology Conference 2022 September 14, 2022 12:15 PM ET

Company Participants

Brett Feldman - Goldman Sachs

Conference Call Participants

Hans Vestberg - Chairman & CEO

Brett Feldman

All right. Well, welcome everyone to day three. This is a -- we've a fumble there to being with. This is a big day for the telecom media space and I am very excited to be kicking off today with Hans Vestberg, the CEO of Verizon. Hans, thanks so much for coming out to the West Coast for our Communacopia + Technology Conference.

Hans Vestberg

Great to be here. Before we start the Safe Harbor statement, but I am probably going to say forward-looking statements here. So just be aware everyone about that.

Question-and-Answer Session

Q - Brett Feldman

All right. Let's jump into it.

Hans Vestberg

Yes.

Brett Feldman

Really for over the last two decades, Verizon has been a leader in the wireless market on I think almost any metric you pick; subscriber share, network, operability, and you still are. The last few quarters, you've seen your postpaid net ads really below trend. And that's happened even as the industry has been somewhat above trend and so the first question I have is what gives you confidence that this is a temporary dynamic and that Verizon will retain its leadership through the 5G era?

Hans Vestberg

First of all, I think you hit yourself. When it comes to brand market share profitability, we are clear to the number one in the market, and we are -- we're intending to keep that easily. Even though we guided down our EBITDA to flat this year, we going to be somewhere between $47 billion and $48 billion in EBITDA, which compared to others is way above.

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