Lowell McAdam Posts

Verizon Communications Inc. (VZ) and Vodafone Group plc (VOD) To Receive $7 Billion Dividend From Wireless Subsidiary

Verizon Wireless
Verizon Communications Inc. (NYSE:VZ) and Vodafone Group plc (LON:VOD) are reportedly going to receive a dividend of $7 billion in June from their subsidiary Verizon Wireless.  Verizon Wireless, the largest U.S. mobile service provider, is owned 55% by Verizon Communications and 45% by Vodafone.

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Verizon CEO Lowell McAdam Helped Convince Steve Jobs To Add 4G To The iPhone 5

When Lowell McAdam, the CEO of Verizon Wireless, spoke at the National Association of Broadcasters conference earlier this week, he said that he was responsible for convincing the late Apple co-founder Steve Jobs to add 4G LTE to the iPhone 5.  Jobs was mostly interested in the speed that video can be played over Verizon’s 4G connections.

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Verizon Upgrading Copper Wire Damaged By Sandy With Fiber-Optic Cable

Verizon Wireless CEO Lowell McAdam has announced that they will be replacing the copper wires damaged by Hurricane Sandy with updated fiber-optical cables.  McAdam was unable to get an estimate of the actual damage on their network while speaking at the UBS Financial conference.

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Verizon Wireless Adding Family Data Plans In 2012


Verizon Communications Inc. (NYSE:VZ) CEO Lowell McAdam has announced that they are planning to launch family data plans for multiple devices in 2012. This is important for families that have smartphones, tablets, USB modems, etc. and do not want a separate plan for each. “I think in 2012 we will see it,” stated McAdam at the UBS Global Media and Communications Conference. “We have been working on this for a couple of years. Getting to one bill and getting to account-level pricing is our goal.” [Fierce Wireless]

Verizon CEO Lowell McAdam Supports AT&T’s Acquisition of T-Mobile


Verizon Communications (NYSE:VZ) CEO Lowell McAdam said that AT&T should be allowed to complete the acquisition of T-Mobile USA for $39 billion.
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Verizon To Acquire Terremark For $1.4 Billion


Verizon Communications Inc. (NYSE:VZ) plans to acquire Terremark Worldwide, Inc. (NASDAQ:TMRK) for $19 per share in a $1.4 billion deal. This is a 35% premium on the closing price of Terremark yesterday. Terremark is an IT services provider that focuses on data storage for large companies and government agencies.
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Verizon To Offer Unlimited iPhone Data Plans For $30 Per Month


Looks like Verizon Wireless has just one-upped AT&T in terms of data pricing. Verizon Wireless will be offering iPhone buyers unlimited data plans for $30 per month. AT&T charges $30 per month for a 2GB plan. “I’m not going to shoot myself in the foot,” stated Verizon COO Lowel McAdam in an investor meeting. If Verizon did not offer an unlimited plan, there would be a barrier to switch over from AT&T. However this offer will only be temporary so if you really want an unlimited plan, you may want to consider doing that ASAP.

Apple CEO Steve Jobs Rumored To Appear On Tuesday To Announce iPhone For Verizon


Apple Inc. (NASDAQ:AAPL) CEO Steve Jobs will most likely appear on stage at the Verizon press event on Tuesday to announce that the iPhone will be coming to the largest mobile telecommunications company in the United States. The Verizon event is taking place in New York City and invitations were sent out just one day after the company had a press event at CES. The Verizon press event at CES did not make any hits about the iPhone coming to their network.
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