The Best 9 Things Verizon's CEO Said at the JP Morgan Conference
Verizon CEO Lowell McAdam thinks Title II isn't the way to go, over-the-top video is better than linear TV and a Dish-Verizon merger is a "fantasy."Verizon Chairman and CEO Lowell McAdam, a man not known for mincing words, sat down with JP Morgan analyst Phil Cusick at the investment firm's Global Technology, Media and Telecom Conference May 20. Below are nine key takeaways from their conversation. 1. Verizon isn't planning to buy Dish Networks. "We just did a $130 billion merger, in my view," said McAdam, referring to Verizon buying out Vodafone's portion of Verizon Wireless. "So, I don't feel the need to do anything else at this point. You could debate the merits of a DirecTV/AT&T deal, but I think it made sense for both of those parties. … I know there are reports out there that we're talking to Dish. I can tell you that that's somebody's fantasy. There have not been any discussions and there aren't any discussions going on with Dish." 2. That's not to say Dish couldn't benefit Verizon.
"Now, I think Dish has some interesting assets and there are things that [companies] like Verizon and Dish could do together," said McAdam. "But I don't feel that owning a satellite company is something that I'm finding intriguing at this point. And we're much more interested in the video transport, over-to-the-top, mobile-first sort of application, versus a linear play."