In elevating technology chief Hans Vestberg to lead the overall company on Friday, Verizon Communications sent a message to the rest of the industry: It’s doubling down on network expansion to ward off increasingly ambitious rivals.
While AT&T tries to complete an acquisition of Time Warner and T-Mobile US pursues its merger with Sprint, Verizon wants no distractions. It’s betting that being first to build a faster fifth-generation network will give it an edge over competitors for years.
Verizon already sat out the latest round of potential deals — such as bidding on CBS or 21st Century Fox’s entertainment assets — even

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