Verizon and AT&T Made a Big Pitch for Their Stocks. Investors Still Need Convincing.

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Text size Verizon Communications CEO Hans Vestberg told investors this past week: “Our strategy is the network.” David Paul Morris/Bloomberg A who’s who of the media and telecommunications world gathered this past week at Goldman Sachs’ annual Communacopia conference, held virtually for the second-straight year. Most executives described their companies as being in a period of transition toward new business models or technologies. On the media side, the focus remains on direct-to-consumer streaming. Telecom players, meanwhile, are deploying fifth-generation, or 5G, wireless networks and expanding the
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