Verizon Wireless | Wow ‼️ Can Verizon Make This Happen 🔥🔥👀

hey what's going on everybody this is Ty Rome back with tech life now that the frontier and Verizon deal is officially announced I wanted to go back to some commentary of Verizon on it was about a year ago roughly around a year right November 2023 and this was the this was Verizon CFO and this was commentary around the convergence piece cuz now people people think that this is a race to convergence now that Verizon opened up the floodgates of buying Frontier now everybody saying okay who's who who's the next Domino to fall you know is is AT&T now going to buy uh Sentry Link is T-Mobile going to get Lumen or whatever right so this was commentary from Verizon roughly a year ago on on the converion piece from from Verizon's CFO so it says Verizon does offer a bundle price on its fwa service to its mobile customers that sign up for the broadband service however skata said that's only about 10% of its mobile customers have purchased the converged product we're not seeing a ton of demand for converg products at this point so they're saying yes we we we do offer the fwa to our mobile customers and they are converging it right if you get both you do get a discount on the fwa side but even that hasn't really spiked any numbers for Verizon it's not like there's a 80% take rate because you're not you're not converging both so that's not what they're seeing right so the lack the lack of demand for converged products is interesting because cable competitors such as Charter are seeing a strong response to their B to their bundle broadband and wireless packages and same with AT&T they they showed us a chart at the Q2 earnings that it works so that should right that would tell you that Verizon's offer is just not as attractive maybe they're not marketing it as well right that's that's something to look at I myself I view it as Verizon not wanting to go big on the convergence for whatever reason they're just not looking for that they want to offer you a great product and they want you to choose that product if you choose it or not it's up to you and even as we now have the official deal announced between Frontier and Verizon Hans he was on a CNBC and he talked about not really discounting those those products he doesn't believe in the converged offering using discounts he says he has two premium products and people will pay the price for the product and it's going to be a premium price so they're not looking to all of a sudden open the floodgates to this huge discount if you converge because that would clearly lift them above 10% AT&T started it if you bundle Wireless and fiber you get 25% off or 20% whatever it is now and it got them a huge converged offering why not why why why are you going to be stubborn like what Verizon is and why are you not going to take the additional arpa right if you got the wireless business already get the fiber business too bundle them in lower the cost a little bit and then you have a long-term value customer but again Verizon's numbers according to the converged offers or bundles that they're tracking it leads to 50% lower turn on wireless and 40% lower turn on fiber so even though they're not really bundling based off of a discount they still see low return on the converged offer so I don't want to scare anybody on this whole Frontier deal but I don't I don't see Verizon all of a sudden coming out and saying hey you you get 30% off if you bundle Wireless and fiber they're not going to do that they they've been publicly vocal about that and they currently I don't think currently offer that within the the fos footprint so you're going to pay a pretty penny for that type of offering and I think it'll be the same on the on the frontier side if you want to get a better deal I mean you better look to the cable providers because they're heavily bundling at least a promotional offering for the first year you want to look towards T-Mobile's fwa bundling they just dropped a another deal where you can add another uh home internet line and get a discount and then you got to look towards AT&T AT&T is willing to budge a little bit to get you converged and give you know have the uh customer more long term right A lot of people are asking how is AT&T maintaining their lower their lower turn a good amount of that is coming from the commer offering and as they scale and scale more of their fiber their churn is going to probably maintain at the levels that it's been I don't want to say it's going to be drastically lower but they will have a significantly lower turn I feel versus the competition based on their converged offering they Market it very well people are taking to the discount it it's a proven Playbook it works rather Verizon wants to adopt that Playbook or not it's up to them because then again it could be lead to a race to the bottom right if you're competitively saying hey AT&T is offering 25% well let us do 30% maybe we can we can get some of those customers uh to join us and then you know what if T-Mobile's like well we'll do 35% for our bundling so that's just that's just the uh the the part of the competition so maybe Verizon doesn't want to play part in that right they they they're staying true to who they are they they are all about the money they want to do the dividends they want to pay all this uh BuyBacks and stuff in the future and pay down their debt so they're just not going to compete in that type of way so let me know your thoughts in the comments like share subscribe if you're new follow my social media Outlets as a Ty wrong with tech life see y'all in the next one peace