Latest Verizon customer news: Former Verizon execs talk strategy for Brightspeed’s $2B makeover of Lumen assets

From FierceTelecom:

A trio of former Verizon executives is looking to take lessons learned from the operator’s Fios rollout to build an even better network under the Brightspeed name, as part of Apollo Global Management’s $2 billion effort to transform ILEC assets it purchased from Lumen Technologies.

Apollo inked a $7.5 billion deal with Lumen in August to acquire ILEC assets in 20 states. Earlier this month, it announced the holdings will be rolled into a company called Brightspeed once the deal closes, and it unveiled a plan to deploy fiber to 3 million locations over the next four years. That figure represents about half of the addressable locations in the acquired footprint.

Ex-Verizon execs Robert “Bob” Mudge, Tom Macguire and Chris Creager were tapped to lead the charge as Brightspeed’s CEO, COO and chief administration officer, respectively. Creager told Fierce the project offers the opportunity to build an entirely new and “groundbreaking” network.

“The Fios network that we built is largely considered the gold standard when it comes to local broadband access, and we think we can do even better than that with the lessons we learned and the experience we gained over the years,” he said. “What we’re trying to do as we go through this is step back and say ‘ok this is now chapter two, how can we think about how we’re designing the whole network now end-to-end a little differently.’”

Continue reading Former Verizon execs talk strategy for Brightspeed’s $2B makeover of Lumen assets on FierceTelecom

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