Comcast should buy Verizon for $215 billion, Citi analyst sa

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Comcast should buy Verizon for $215 billion, Citi analyst sa

Postby goingback on Wed Jul 26, 2017 3:48 pm

Here we go................

"Comcast should buy Verizon for $215 billion, Citi analyst says


Comcast Corp. should buy Verizon Communications, a deal that could be worth $215 billion, an analyst from Citigroup said Wednesday.
Though many view Verizon as a likely suitor for Dish Network, the analyst said Comcast could swoop in with a deal for the wireless carrier that would help it extend internet connectivity outside the home.
The analyst estimates Comcast could pay a 20 percent premium to Verizon's share price, which was $43.98 at the close of trading Tuesday. Verizon's shares are down more than 17 percent this year, so much so that Comcast, the parent of NBCUniversal, is now bigger in terms of market value, Citi analyst Jason Bazinet wrote in a research note on Wednesday.

Verizon's market value was $179 billion as of Tuesday's close, so a 20 percent premium would put a deal value at $215 billion.
"It's a call Comcast should make ... and Verizon should take," wrote Bazinet in the note. Verizon shares were up more than 1 percent in morning trading, while Comcast shares were flat.
The research cites press reports that indicate Verizon could be open to a deal with Disney, CBS or Comcast.
A spokesman from Comcast and a spokeswoman for Verizon both declined to comment.
It is a time of rapid consolidation in the media and telecommunications industries. Companies that create content are looking for more efficient ways to distribute it at a time when many households are moving to streaming services from Netflix and Amazon.com. Comcast bought NBCUniversal in 2009 and attempted a deal with Time Warner Cable in 2014, but called it off the next year.
Telecom giant AT&T and media giant Time Warner are waiting on regulatory approval for their $80 billion combination, which would marry video content with delivery on mobile devices.
Bazinet said in his note that the regulatory climate may be more amenable under the current administration to big combinations.
A Comcast-Verizon tie-up could boost revenue at the combined company, he said. He estimates Comcast would have to sell about 16 percent of its cable operations where it overlaps with Verizon's FiOS network."

Posted on 7/25/17 http://www.cnbc.com/2017/07/26/comcast- ... -says.html
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Re: Comcast should buy Verizon for $215 billion, Citi analyst sa

Postby deathspiral on Fri Jul 28, 2017 8:43 am

This was tried before when Ray Smith was CEO. Deal fell through but both CEOs got millions for the failed attempt.
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Re: Comcast should buy Verizon for $215 billion, Citi analyst sa

Postby vz353 on Mon Jul 31, 2017 11:21 am

Just what we need another merger and less competition. I’m in Florida, West coast and Comcast is our only choice for cable and high speed broad ban [ not DSL please ] prices going sky high for junk and lousy service. Forget Frontier they are still working on retaining dial tone customers. :x

I sure miss good old General Telephone & Electronics. LOL !
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Re: Comcast should buy Verizon for $215 billion, Citi analyst sa

Postby lexus_man_2000 on Wed Aug 02, 2017 6:51 pm

vz353 wrote:Just what we need another merger and less competition. I’m in Florida, West coast and Comcast is our only choice for cable and high speed broad ban [ not DSL please ] prices going sky high for junk and lousy service. Forget Frontier they are still working on retaining dial tone customers. :x

I sure miss good old General Telephone & Electronics. LOL !


Heck, I miss good old General Telephone Of The Southwest. GTE, though, was not bad in spite of all the carping we used to do. We just didn't know how good we had it.
"Still a man hears what he wants to hear and disregards the rest." Paul Simon, 1968
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Re: Comcast should buy Verizon for $215 billion, Citi analyst sa

Postby Doc on Wed Aug 02, 2017 8:12 pm

Lots of us miss the days of GTE. Many thanks to little Chuckie for what he did to so many thousands of employees and customers.
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Re: Comcast should buy Verizon for $215 billion, Citi analyst sa

Postby ex-gte-98 on Thu Aug 03, 2017 3:12 pm

Chuck says: "You're welcome!". :P
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Re: Comcast should buy Verizon for $215 billion, Citi analyst sa

Postby lexus_man_2000 on Sat Aug 05, 2017 7:35 am

Doc wrote:Lots of us miss the days of GTE. Many thanks to little Chuckie for what he did to so many thousands of employees and customers.


This is exactly why The Midnight Minstrel wrote The Ballad Of Chuck Lee.
"Still a man hears what he wants to hear and disregards the rest." Paul Simon, 1968
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Re: Comcast should buy Verizon for $215 billion, Citi analyst sa

Postby RDTELMAN on Wed Aug 16, 2017 2:12 pm

Exactly what Comcast needs- another $215 BILLION in debt. Let's see now, how do pay off the debts?
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Re: Comcast should buy Verizon for $215 billion, Citi analyst sa

Postby Broken Man on Thu Aug 17, 2017 1:22 pm

lexus_man_2000 wrote:
Doc wrote:Lots of us miss the days of GTE. Many thanks to little Chuckie for what he did to so many thousands of employees and customers.


This is exactly why The Midnight Minstrel wrote The Ballad Of Chuck Lee.


I miss GTE as well, BUT, If GTE were around today it would probably look like Frontier. Service areas not contiguous, lots of rural customers, little presence in financial centers, etc.

It would have been depressing to see how it turned out. Just a slower death vs an immediate one by merger. Ugly either way.
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