Seeking Alpha

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

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.
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