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We’re no longer looking at cable acquisitions to bolster the fiber network

December 11, 2017

Verizon is no longer considering a large-scale acquisition of a major cable MSO as a way to get the fiber infrastructure it needs to support a multipurpose fiber network for 4G and 5G wireless and enterprise services.

While he did not cite any specific cable operators, Lowell McAdam, chairman and CEO of Verizon, told investors during the Goldman Sachs 26th Annual Communacopia Conference that these companies don’t have the fiber facilities it needs.

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