A Verizon acquisition of Yahoo's core Internet business would align with the carrier's broader strategy of leveraging its networks to develop new revenue streams through digital media, analysts at Barclays said.
Verizon CEO Lowell McAdam confirmed the carrier is interested in acquiring at least some of Yahoo's Internet assets, signaling his eagerness to move further into digital media.
Verizon Chairman and CEO Lowell McAdam paid a visit to FCC Chairman Tom Wheeler's office last week where he urged the commission to act quickly to make spectrum bands above 24 GHz available for mobile broadband. He also made a point to describe how LTE-U will allow wireless companies to provide customers with a better broadband experience, according to a Verizon ex parte filing with the FCC.
Verizon CEO Lowell McAdam said that the carrier expects to be able to offer 5G wireless speeds up to 1 Gbps, and that he expects the company to begin a commercial test of the technology as early as next month at the carrier's Basking Ridge, N.J., headquarters.
This is the story of the creation of Go90, Verizon's attempt to create a new service that appeals to a demographic it views as significantly important to its future, as told by some of the key executives involved in its development. It's a story of how Verizon wanted to create a product that would appeal to millennials, driven by a desire to create a large audience the carrier could deliver to marketers for targeted advertising (advertisers have largely been flummoxed by millennials' aversion to traditional pay-TV products). And more broadly, it's the story of how a multibillion-dollar telecommunications company known for its staid leadership and methodically consistent financial results incubated a startup-- and a startup mentality-- inside itself.
The Go90 initiative will rise or fall on the strength of the video content it delivers, and almost nothing else matters. Verizon will surely spend a lot to market the service, but it will be useless to advertisers if no one tunes in.
Verizon will continue to sell its FiOS linear video product to consumers but the company is also ramping up its Go90 mobile video service and its skinny bundle packages to accommodate the rapid growth in consumers looking to ditch their linear service in favor of over-the-top services.
Verizon Communications has no interest in buying Dish Network but is open to discussing how Verizon could get access to Dish's wireless spectrum or forge some kind of wholesale arrangement, according to Verizon CEO Lowell McAdam.
Verizon Communications CEO Lowell McAdam wants Congress to take a tougher stance on rules governing bidding in spectrum auctions, and called out Dish Network in particular for its bidding strategy in the AWS-3 auction. In a letter to key lawmakers, McAdam also urged Congress to be more proactive in regulating telecommunications, curb the FCC's recently approved net neutrality rules and rewrite and update the Telecommunications Act.
Verizon yesterday appointed John Stratton as the new chief of its wireless business, replacing Dan Mead, who had been the CEO of Verizon Wireless since 2010. Mead will stay with the company to oversee the sale of Verizon's wireline operations in California, Florida and Texas to Frontier Communications, and will retire after that.