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One, three.

The From Wondry, I'm David Brown, and this is Business Wars Daily on this Monday, October 8th.

Verizon and AT&T are in a race to see how fast they can roll out the next generation of wireless networks known as 5G. 5G offers the promise of exponentially greater speeds.

It promises dramatic changes in entertainment and services, including augmented reality,

autonomous cars, and remote robotic surgery.

But it takes a huge amount of infrastructure to launch 5G, and budgets are apparently only so large.

At least that seemed to be the reason for Verizon's offer of early retirement to a quarter of its workforce last week.

New CEO Hans Veskberg is leading an effort to cut $10 billion in costs by 2021,

saying the money is needed to build out its new infrastructure.

As a reminder, Verizon offered 44,000 employees the opportunity to retire early in return for three weeks of pay for every

year worked up to 60 weeks. As it builds a complex 5G infrastructure, it's also outsourcing much

...