Visible CEO Says it Wants to be the Netflix and Lyft of Phone Carriers

The former chief technology officer will be the new chief of the wireless carrier. He joined the company about a year ago and will take over from the CEO Lowell McAdam on Aug. 1

Verizon is investing in the development of 5G by opening its doors to some of the most innovative start-ups leveraging the emerging technology. The company's "Silicon Alley 5G Incubator" offers a space for 5G pioneers to work with and use 5G before it is deployed. Toby Redshaw, SVP of Strategy, Innovation and Product Development, and Sanyogita Shamsunder, Executive Director of Technology at Verizon, were with Cheddar to give us an inside look at the promising young companies developing disruptive uses for 5G.

The average American spends more than $1,000 a year on average on their cell phone plan. What if you could use your current cell phone on another service for just a fraction of the price? Aron North, Senior Vice President of Ultra Mobile and Mint SIM, explains how his company's service works.