Any acquisitions made by Verizon (VZ) will be in the "tens of millions of dollars" range, says...

|About: Verizon Communications (VZ)|By:, SA News Editor

Any acquisitions made by Verizon (VZ) will be in the "tens of millions of dollars" range, says CEO Lowell McAdam at a UBS conference - the fact regulators might frown on a large mobile purchase could be a reason why. McAdam also states Verizon is seeing its Q3 momentum extend into Q4, and that stock buybacks could arrive in 12-18 months. Unlike AT&T, Verizon has held off on making buybacks, in part because of the giant cash distributions made by Verizon Wireless.