Having maintained a neutral position so far in the matter unlike the others in industry, Verizon Communication Inc. has finally fed its input in the ongoing debate regarding whether or not AT&T should be shown the green flag to go ahead with its proposed acquisition of T-Mobile.
Verizon, being key player in the telecom sector in the country, quite surprisingly opted not to get involved directly or even indirectly in the conflict between AT&T and all those who are opposed to the deal.
According to those who oppose the deal, the proposed merger of the two telecom giants could eventually lead to a devastating result for both the industry, as well as for consumers.
However, Verizon finally broke its silence on the issue on Wednesday when its chief executive officer Lowell McAdam said that if government, indeed, decides to block the proposed merger it needs to think of some clear policies, so as to make sure that the industry is allotted no less amount of spectrum than that it actually requires.
"We need to be very thoughtful on what the impacts would be to the overall industry if this is a way to regulate the industry without actually passing regulation," Mr. McAdam said at an investor conference, according to this Wall Street Journal report.