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Verizon still shopping for acquisitions

Fri, 04/17/2009 - 8:30am
Mike Robuck

Verizon Communications CEO Ivan Seidenberg said his company isn’t ruling out any future acquisitions, including Qwest Communications International’s long-haul network.

In an interview with The Wall Street Journal (story here), Seidenberg said Verizon may acquire a few smaller wireless carriers, and that Apple’s iPhone won’t be coming to Verizon any time soon.

Verizon is currently handcuffed from offering the iPhone because it wasn’t designed to work on Verizon’s existing CDMA network, but Seidenberg said the iPhone could become available once Verizon completes its 4G network.

Verizon’s CEO also said that he thought Vodafone would sell its 45 percent stake in Verizon Wireless, but Verizon may not be interested because the two companies are dissimilar.

More Broadband Direct 04/17/09:
•  Time Warner Cable shelves some Internet cap plans
•  DirecTV, Comcast fined for violating call rules
•  YouTube boosts full-length movies, TV show lineup
•  Broadcom: 1st to win DOCSIS 3.0, EuroDOCSIS certification
•  Verizon still shopping for acquisitions
•  Harmonic to debut ProView 7000 at NAB
•  Verizon releases developer specs for LTE
•  Google's search for savings boosts Q1 profit 9%
•  Toshiba expects bigger loss, contract job cuts
•  Verizon files suit over fiber outage
•  Broadband Briefs for 04/17/09

 

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