Verizon CEO says no to Dish spectrum buy, big deals

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Verizon Communications -- majority owner of Verizon Wireless, the biggest U.S. mobile service -- is not interested in buying spectrum from Dish Network and does not plan to make any big acquisitions. While investors have been speculating that Dish Chairman Charlie Ergen could make a lot of money if he sells Dish's wireless spectrum holdings to big U.S. mobile operators, Verizon Chief Executive Lowell McAdam told Reuters at an investor conference that his company would not be a buyer. McAdam also told the audience at the UBS Annual Global Media and Communications Conference that his company was not planning any acquisitions as big as its recent purchases of Terremark and Hughes Telematics. Verizon bought enterprise service provider Terremark last year for $1.4 billion and completed its purchase of Hughes for $612 million in July.


Verizon CEO says no to Dish spectrum buy, big deals