Two well placed sources have told the New York Post that wireless giant Verizon may be interested in acquiring a large cable company. As the transition from 4G to 5G approaches, Verizon may be looking for areas to pursue additional growth. According to the anonymous sources, Verizon is “weighing” the acquisition of a cable company to help grow demand for its wireless data products. The story comes after discussions at CES where CEO Lowell McAdam suggested he wants to buy into the cable industry.
Two likely targets for the deal would be Charter or Comcast given their current market share. An October article from DSLReports suggests Verizon is looking to get out of the fixed-line broadband business, so growth into the cable market would let them do just that.
