Erring on the Other Side of the Verizon Story

The New York Times had a piece saying Verizon is growing by building rather than buying. One might think this concurs with our thesis that Verizon will not by Qwest. Quite the opposite. It is hard to categorize a firm created by the mergers of Bell Atlantic, Nynex, GTE, Vodafone/Airtouch, MCI (not to mention the ill-considered near merger with NorthPoint) as a builder rather than a buyer. Our point was just that a particular acquisition of Qwest appears to make little sense and instead would signal (to us, anyway) that Verizon was in a weak position.

Like this article? Why not try out:

•  RSS or email subscription to my free content

• Or buy my book: Understanding and Evaluating Prospectuses, Offering Documents, and Proxy Statements