5959281502 58d85632c4 mVerizon CEO Lowell McAdam spoke out strongly in favor of AT&T's proposed merger with T-Mobile on Wednesday. The merger has been challenged in two separate lawsuits by the Department of Justice and Sprint.

McAdam, at an investor conference, said the AT&T/T-Mobile "match had to occur" because spectrum is such a valuable commodity. AT&T has proclaimed the need for increased spectrum as the primary benefit behind the merger, saying "planned combination with T-Mobile by far the surest, fastest, and most efficient solution to the spectrum and capacity challenges we face."

As reported by BGR:

“I have taken the position that the AT&T merger with T-Mobile was kind of like gravity,” McAdam told investors. “It had to occur, because you had a company with a T-Mobile that had the spectrum but didn’t have the capital to build it out. AT&T needed the spectrum, they didn’t have it in order to take care of their customers, and so that match had to occur.” The CEO continued, noting that he has told the Federal Communications Commission and other government officials that blocking AT&T’s acquisition of T-Mobile without providing a solution to the current spectrum crunch will ultimately harm American consumers.

(Photo courtesy Flickr/Fortune Live Media)

Top Rated Comments

DeaconGTG Avatar
163 months ago
Of course he's publicly in favor of it. If the merge is successful, Verizon's going to try to do the same with Sprint in the next few years. He can't have his words come back to haunt him.

But I'm sure there's a tiny part of him that would love to see AT&T fall flat on its face. :p
Score: 4 Votes (Like | Disagree)
hcho3 Avatar
163 months ago
AT&T and Verizon look like they are the biggest competitors in the US, but no... no no. They are also closest friends. They can just team up and be duopoly on wireless networks.

The Verizon was praised for having a good networks, but expensive pricing compare to T-mobile.


With t-mobile going bye-bye, they will be more happy because fewer people will make jump on other carriers.
Score: 2 Votes (Like | Disagree)
chrmjenkins Avatar
163 months ago
Of course he's publicly in favor of it. If the merge is successful, Verizon's going to try to do the same with Sprint in the next few years. He can't have his words come back to haunt him.

But I'm sure there's a tiny part of him that would love to see AT&T fall flat on its face. :p

I think you pretty much nailed it. The best part is that the point he is making is actually valid in the way he is presenting it, so it's not not distorted and loaded with Verizon's own intentions baked in. AT&T could do better with more spectrum, no doubt. The part where he is cheering for AT&T's customers to have more bandwidth is a bit dubious though. :D
Score: 2 Votes (Like | Disagree)
toomanyipods Avatar
163 months ago
Of course Verizon is in favor of the merger . . .

A merger can only lead to a moderate exodus of customers from to Sprint and Verizon. With fewer players, it takes less effort to adjust to, or collude with competitors. Spectrum is an issue, but removing competition is definitely NOT the answer for consumers.
Score: 2 Votes (Like | Disagree)
SeaFox Avatar
163 months ago
ATT-mobile and VeriSprint....? Then when those two companies merge it will be ATTVERISprinT-Mobile? :confused:
No it was just be "AT&T"



Fullsize version here: [link] (http://img28.imageshack.us/img28/9947/atthistory.jpg)
Score: 1 Votes (Like | Disagree)
takezo808 Avatar
163 months ago
I agree. There is no way he would be against this because if it is not approved it limits Verizon's future acquisitions. If this deal is approved it helps set a precedent for the approval of a Verizon-Sprint merger. Make no mistake AT&T and Verizon want a duopoly so they can dictate pricing. Believe me we will pay big prices as customers in the future if these companies don't have strong smaller competition.


ATT-mobile and VeriSprint....? Then when those two companies merge it will be ATTVERISprinT-Mobile? :confused:
Score: 1 Votes (Like | Disagree)

Popular Stories

iPhone 16 Camera Lozenge 2 Perspective Gray

Five Key Upgrades Coming to iPhone 16

Friday March 15, 2024 1:45 pm PDT by
The iPhone is Apple's top-selling product, and it gets an update every year. In 2024, we're expecting the iPhone 16 and iPhone 16 Pro lineup, with an arguably more interesting feature set than we got with the iPhone 15 and iPhone 15 Pro. Subscribe to the MacRumors YouTube channel for more videos. Capture Button All four iPhone 16 models are set to get a whole new button, which will be...
iphone se 4 modified flag edges

iPhone SE 4 Expected to Depreciate Heavily

Tuesday March 12, 2024 9:04 am PDT by
Resale value trends suggest the iPhone SE 4 may not hold its value as well as Apple's flagship models, according to SellCell. According to the report, Apple's iPhone SE models have historically depreciated much more rapidly than the company's more premium offerings. The third-generation iPhone SE, which launched in March 2022, experienced a significant drop in resale value, losing 42.6%...
apple wallet drivers license feature

Apple Said iPhone Driver's Licenses Would Expand to These 8 U.S. States… Two Years Ago

Thursday March 14, 2024 7:33 am PDT by
In just four U.S. states, residents can add their driver's license or ID to the Apple Wallet app on the iPhone and Apple Watch, providing a convenient and contactless way to display proof of identity or age at select airports, businesses, and venues. Adoption of the feature has been slow since Apple first announced it in September 2021, with IDs in the Wallet app only available in Arizona,...
airpods 3 orange

Two New AirPods 4 Models Expected to Launch in September or October

Sunday March 17, 2024 7:56 am PDT by
Apple suppliers will begin production of two new fourth-generation AirPods models in May, according to Bloomberg's Mark Gurman. Based on this production timeframe, he expects the headphones to be released in September or October. Gurman expects both fourth-generation AirPods models to feature a new design with better fit, improved sound quality, and an updated charging case with a USB-C...
When To Expect New iPads Feature 1

Apple to Announce New iPads on March 26, Rumors Claim

Monday March 18, 2024 4:02 am PDT by
Apple is widely expected to release new iPad Air and OLED iPad Pro models in the next few weeks. According to new rumors coming out of Asia, the company will announce its new iPads on Tuesday, March 26. Chinese leaker Instant Digital on Weibo this morning 日发布%23">claimed that the date will see some sort of announcement from Apple related to new iPads, but stopped short of calling it an...
OLED iPad Air

iPad Air Next on Apple's OLED Tablet Roadmap Following iPad Pro

Friday March 15, 2024 3:30 am PDT by
The iPad Air will be the next Apple tablet to adopt OLED display panel technology following its upcoming OLED iPad Pro models, according to an updated forecast from research firm Omdia (via The Elec). "In 2028, we expect the iPad Air to go OLED as well, with the iPad Air using single-stack and the iPad Pro using two-stack tandem OLEDs," said Omdia researcher Kang Min-soo, speaking on...
Walmart MacBook Air M1

Walmart Begins Selling MacBook Air With M1 Chip for $699 in U.S.

Friday March 15, 2024 6:57 am PDT by
Walmart today announced that it has started selling the MacBook Air with the M1 chip in the U.S., with pricing set at a very reasonable $699. The laptop can be ordered now on Walmart.com, and it will be available soon at select Walmart stores. This is the first time that customers can purchase a Mac that is sold directly by Walmart, the company said in a press release. Some other retailers...