Antonios Drossos, a managing partner at Rewheel, a mobile data strategy firm, “America really has three main cell phone companies – Verizon, AT&T and T-Mobile – and then you have a bunch of smaller companies that piggyback off of the physical network that these other companies have. Is that the optimal way to arrange a wireless telephone and data market?”
As reported by By David Shepardson and Harshita Mary Varghese for Reuters on 13 November 2025, ” Verizon’s new CEO (VZ.N), opens new tab is planning to cut about 15,000 jobs in the U.S. telecommunications company’s largest ever layoffs, a person familiar with the matter told Reuters on Thursday, outlining some of the executive’s first efforts to restructure in the face of rising competition. The wireless carrier faces mounting market pressure amid concerns over a shrinking pool of new customers as older rivals offer cheaper plans and cable operators jump into the fray.”
https://www.reuters.com/business/verizon-cut-about-15000-jobs-wsj-reports-2025-11-13
