Verizon hires ex Ericsson CEO, sets new operating structure

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Verizon Communications Inc (VZ. N) said on Friday that Hans Vestberg, the former Ericsson chief executive officer, has joined the company and will lead a team building out its fiber network infrastructures amid growing competition from smaller rivals."It shows with Vestberg that they want to go back to having that network superiority, which has been increasingly eroded," said Roger Entner, an analyst at Recon Analytics. The move also sets up Vestberg, 51, as a potential successor to Verizon Chief Executive Officer Lowell McAdam, he said. The No. 1 U.S. wireless carrier said Vestberg will initially be based in Sweden but join the U.S.-based team later this spring.

"What bringing someone in for the outside means is you need a new perspective," Entner said. Verizon also said it is restructuring operations into three areas including Vestberg's team. The media and telematics unit will focus on new businesses in digital media, including integrating its pending acquisition of Yahoo Inc (YHOO. O). It will be led by Marni Walden as executive vice president for media and telematics.

The customer and product operations team, led by John Stratton, will work on operating and growing Verizon's established businesses, such as Verizon Wireless and Verizon Enterprise Solutions. Walden and Stratton are also both seen as potential successors to McAdam, according to industry analysts.

FCC to vote to reform $45 billion business data market WASHINGTON The Republican head of the Federal Communications Commission on Thursday proposed easing regulatory requirements in the $45 billion business data services market, a win for companies like AT&T Inc, CenturyLink Inc, Verizon Communications Inc and others.

China's Huawei posts flat profit growth amid tough battle with rivals HONG KONG Chinese telecom equipment and smartphone maker Huawei Technologies Co Ltd [HWT. UL] on Friday said annual profit growth was nearly flat, its slowest pace in five years, as it ramped up spending to boost market share amid fierce competition.

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