Verizon has been fairly quiet about AT&T's proposed acquisition of T-Mobile up until now, but that changed when Verizon CEO Lowell McAdam touched on the deal while speaking at an investor conference yesterday. “I have taken the position that the AT&T merger with T-Mobile was kind of like gravity,” McAdam said to 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." McAdam added that, unless the FCC and others in the government can figure out another way to get more spectrum to the companies that need it, consumers will end up being harmed.
It's definitely interesting to see Verizon step up and defend AT&T-Mobile, although I'm sure McAdam had his reasons for doing so. For example, as Sascha Segan of PCMag points out, Verizon won't have much luck if it tries to buy a carrier sometime in the future if AT&T's acquisition is shot down. Verizon Wireless CEO Dan Mead has said in the past that his carrier isn't interested in buying Sprint, but hey, that doesn't mean that that won't change at some point down the line. What do you all make of McAdam's comments on the AT&T/T-Mobile deal?