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Verizon's CEO Has a Warning for SpaceX and Its Mobile Plans
The Motley Fool·
Verizon CEO Dan Schulman warns that SpaceX's Starlink will face significant challenges entering the mobile market, requiring hundreds of billions in terrestrial network investment over several years. Schulman pledges Verizon will compete 'ferociously' to protect market share. Despite investor concerns about SpaceX competition, Verizon posted strong Q3 earnings with record postpaid phone additions and trades at a cheap valuation with a 6.3% dividend yield.
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