Verizon Communications Inc (VZ) CEO: Second Quarter Will Be Great for Us


In  a program on CNBC, Verizon Communications Inc (NYSE:VZ) Chairman & CEO, Lowell McAdam, explained in detail the company’s goals for the second quarter and looked quite optimistic about the earnings and achievements by the American broadband and telecommunications company. He said that issues of net neutrality and content delivery must not be mixed.

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“I think the issue of net neutrality and content delivery have been confused here. We’ve taken a very strong position on net neutrality. We will allow customers to connect to any lawful content. We won’t manipulate that traffic in any way that disadvantages our customers or our competitors, the position that we’ve taken is very strong,” said McAdam.

He also criticized Netflix, Inc (NASDAQ:NFLX) and said that we all should try to craft the services that can serve everyone. He said that according to the claims of Netflix, Inc (NASDAQ:NFLX), it gets 30% of traffic in peak times, so what if the 30% traffic gets blocked?. According to him, Verizon Communications Inc (NYSE:VZ) wants to make the content delivery possible in parallel ways.

McAdam said that his company has made a lot of progress in terms of subscriptions and profits and second quarter will be great.

“We think this is gonna be a great quarter for us, we’ll have our full results on the 22nd of July, but we added over 1.4 million subscribers post-pay, and that adds we had very record tablet growth, we had very had very smart smartphone growth, we had very good churn, and we delivered margins that were consistent with what we’ve done over the last several quarters,” said McAdam.

McAdam also said the Verizon Communications Inc (NYSE:VZ) will now focus on Wire line margins because of the commitment with the company’s investors. He was much positive about the second quarter and said the Verizon will add more profits in the coming months and will offer much value for the customers.

Verizon Communications Inc (NYSE:VZ) CEO thinks that industry is really healthy these days and all the attributes and profit margins are depicting immense opportunities in the streaming and content business.

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