With the world changing and the profit of traditional TV going away, Verizon seems to be busy looking for a date.
Recently Verizon VEO Lowell McAdam talked with Bloomberg to lay out his plans for a media merger. In the conversation McAdam named Comcast, Walt Disney Co., or CBS as potential good fits for Verizon to merge with.
Verizon is behind after AT&T’s move to buy DIRECTV and launch DIRECTV NOW. Moving forward AT&T is much better set up to take on Verizon by offering a more robust lineup of services. You already see this in Verizon offering discounts to DIRECTV NOW if you also have certain AT&T wireless plans. In the long run AT&T may also end up with deeper pockets because of its more diverse product line.
Verizon has already had talks with Charter to look at a merger but Charter was not interested. Now Verizon is looking around for new partner in their plan to fight AT&T.
“I think our shareholders expect us to look at every option,” McAdam told Faber. “But I would tell you right now we haven’t seen the architectural fit and we haven’t seen a willing seller and a buyer that have a meeting of the minds.”
Verizon is not sitting around. It was learned yesterday that Verizon will spend over a billion dollars investing in its fiber networks to get ready for the new 5G standard, which is expected to change both wireless and home Internet.
The only question now is will one of these other companies be interested in teaming up with Verizon to take on AT&T and DIRECTV NOW.
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