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Verizon Communications Inc. Message Board

edwardjk 2 posts  |  Last Activity: Feb 18, 2014 12:33 PM Member since: Nov 13, 2006
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  • Over the weekend, VZ Director-level and above employees were given their long-term incentive awards. Some of that came in stock. Today is the first day that employees can sell, and it looks like they are doing just that.

  • I have read several stories quoting VZ CEO Lowell McAdam who tries to explain the reasons behind the acquisition of Vodafone's partnership interest.

    First, let's start with what the deal is NOT about. According to McAdam, the deal is not about synergies, since VZ management has recently taken steps to consolidate wireless and wireline functions in the overall business.

    Also, the deal is NOT about control, since VZ already owns 55% of the JV and pretty much does what it wants to do anyway.

    So eliminating what the deal is not about, then what is it about? Well, two thoughts here. First, the deal is an all-in bet on the US market. McAdam apparently believes there is still growth opportunity in the US even though pretty much everyone already owns a cellphone. He has to see the opportunity for growth through new services and products over the existing wireless network. Hmm.

    And the deal is also all about ego. VZ is loaded with executives who believe their's is bigger than the next person. McAdam wants to walk around and say I own the biggest market in the world.

    Assuming the deal closes, he is correct. But it remains to be seem whether the growth opportunities will pan out.

VZ
51.58+0.30(+0.59%)Jul 28 4:00 PMEDT

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