Apr 18, 2017

Verizon CEO says no "meeting of the minds" yet for big acquisition

Mel Evans / AP

Verizon CEO Lowell McAdams was on CNBC this morning, and said that while "shareholders expect us to look at every option" when it comes to a possible major acquisition the company has not "seen the architectural fit and we haven't seen a willing seller and a willing buyer that have a meeting of the minds." The company hasn't yet pursued a deal like AT&T's proposed purchase of Time Warner, but has reportedly eyed cable giant Charter Communications.

What's next: Limitations on conversations between wireless carriers involved in a major FCC airwaves sale end next Thursday evening, so look for mergers and acquisition talk to pick up steam then.

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