Verizon will play an active role as the...
Verizon will play an active role as the FCC considers revised net neutrality rules, said Verizon CEO Lowell McAdam Monday during a call with analysts. McAdam was not asked about that topic but delved into it at the end of…
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the call. FCC Chairman Tom Wheeler said last week the agency would revamp its net neutrality rules due to the Verizon v. FCC decision (CD Jan 16 p1). “Obviously we are pleased with the court’s decision,” McAdam said. “I think any clarity in this area that we get is a good thing and I think the court’s decision helped with that. I know you have all seen Chairman Wheeler announced a notice of proposed rulemaking. We will be obviously heavily involved in that as we go through that process and we think that will provide additional clarity. … Everything from healthcare to telematics to the energy grid need to be balanced with someone who is trying to watch last year’s episode of NCIS. So we are going to be encouraging a very light touch on the Internet to make sure that an investment in innovation continues.” The main focus of the call was Verizon’s wrapping up of its purchase of Vodafone’s 45 percent of Verizon Wireless. “Full ownership of our wireless asset is a major milestone for Verizon,” he said. “From a strategic perspective, it enhances our ability to deliver the integrated data and video services that will change the game for customers and create new growth opportunities for the future. Financially the benefits are straightforward. It is immediately accretive to earnings per share and provides access to all of the wireless cash flows. There is no integration risk because we manage and control this business completely today."