Verizon Wireless CEO John Legere says he’s “not going to survive” as the carrier faces a “crisis of quality” in wireless coverage in the US.
Legeres comments came in response to a question about how the company plans to combat the problem with its upcoming wireless body rollout.
“We have to get the coverage right, and we have to figure out a way to get that coverage right that is scalable, that is not just about being a carrier but about being an ecosystem,” Legeretes said.
Leges comments came after Verizon announced its next major update to its wireless network.
The carrier announced plans last week to roll out 5G wireless speeds in the greater Boston area.
LeGeres has previously called for the wireless body to be “designed to be a full ecosystem.”
The company says the rollout is the first step toward delivering a full 5G network, but Legerebes said the carrier won’t be able “to survive” without it.
“It is going to take a long time, and it’s going to cost a lot of money,” he said.
“And it’s not going get done without a huge investment of resources.”
Legerea said Verizon will spend $150 million on the wireless rollout over the next few years, which could potentially cover 5G networks up to 100 times the size of the average Verizon customer.
Legerres also took a shot at wireless carriers such as AT&T and Sprint, saying he’s confident they will deliver 5G in a timely fashion.
“Sprint, AT&am, Verizon, they have to come out with something,” Legerre said.
Sprint has been aggressively testing its 5G rollout, with the carrier launching its next generation 5G-capable network in May, which is currently only available in select markets.
AT&t and T-Mobile have not made any announcements about 5G, but the carriers have both promised the technology will be available in their markets by the end of the year.
Legedre said Verizon has also started deploying its wireless body in select parts of the country, but he said the company will likely need to scale up that rollout later this year.
“There’s a lot more that needs to happen,” he added.