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Lowell McAdam

Latest Headlines

Latest Headlines

Report: Verizon hires financial advisers to explore tower sale, could raise $6B

Verizon Communications has hired TAP Advisors LLC to look into a sale of network assets including its cell towers, according to a  Reuters  report.

Analyst: Verizon could sell as many as 12,500 cell towers

Verizon Communications was opened up to the possibility of selling its wireless towers because of AT&T's agreement last year to sell and lease 9,700 of its cell towers to Crown Castle in a $4.85 billion deal, according to Verizon Communications CFO Fran Shammo. Financial analysts think that Verizon has around 12,500 to 15,000 towers and could be looking to sell a substantial portion of those.

Verizon set to launch online-video service by mid-2015, CEO says

Verizon Communications expects to launch its own Internet-based video service by the middle of 2015, the company's chief executive, Lowell McAdam, revealed Thursday.

Verizon CEO hints at Q3 wireless subscriber growth, possible sale of towers

Verizon CEO Lowell McAdam said the carrier's wireless postpaid retail net additions have grown 40 percent so far during the third quarter when compared with last year's period, when the company posted 927,000 additions. However, he said the carrier's margins will be pressured in the third quarter due to surprisingly sluggish sales of Verizon's handset upgrade program, called Edge.

Verizon to report more than 1.4M postpaid net additions in Q2

During an appearance on CNBC, Verizon Communications CEO Lowell McAdam said the company will report "over 1.4 million" postpaid net customer additions in the second quarter. That's way up from the 941,000 postpaid customers Verizon added in the second quarter of last year.

Rumor mill: Verizon interested in Dish Network's wireless spectrum

Verizon might not be interested in buying Dish Network but the company is very interested in snatching up the satcaster's wireless spectrum, according to a news report.

T-Mobile's Legere paid $29.2M in 2013, out-earning top AT&T and Verizon execs

T-Mobile US CEO John Legere has been unabashed and aggressive in getting the carrier back to growth, delivering 3.7 million net new subscribers from the second through fourth quarters of 2013. He also was paid to the tune of $29.2 million in 2013, making him the second highest paid wireless executive in 2013 after Sprint CEO Dan Hesse.

Sprint CEO Hesse's compensation balloons from $11M in 2012 to $49M in 2013

In 2013 Sprint CEO Dan Hesse had probably his busiest year at the helm of the carrier since he came on board in late 2007, and the company handsomely rewarded him for his efforts. Hesse scored a total compensation package of $49 million in 2013, according to a filing with the Securities and Exchange Commission. That figure is far above Hesse's 2012 compensation and made him easily the highest-paid executive in the wireless industry last year.

McAdam: Verizon talking to networks about 'wireless over-the-top play'

Verizon CEO Lowell McAdam said he has had discussions with the CEOs of major content providers about launching an over-the-top pay-TV service which would rely on either a "bring your own broadband" model or Verizon's LTE network.

Verizon's McAdam sees opportunity for converged video and security solutions

Verizon Communications' new product development group will focus on combining the company's wireless and wireline assets in areas including video and security, according to Verizon Communications CEO Lowell McAdam.