Verizon analyst meeting: Targeting 'GDP-plus' type of growth
Nov 3 2015, 12:00 ET | About: Verizon Communications is going to stay clear of major M&A, but will keep its eye on strategic options, and wants investors to start thinking of it as a "GDP-plus" type of growth company, says Verizon chief Lowell McAdam.While other companies pursue tie-ups to catch up to a global move towards "quad-play" bundles (wireline, wireless, TV, broadband), McAdam questioned that, said BTIG's Walt Piecyk: "I have not seen any new info on this for 10 years.""Management was candid that behind its decisions is a recognition that it needs to disrupt its own business before someone else does and that it is moving to deploy assets to better meet the needs of millennials, which it noted are expected to account for 60% of the purchasing power in the U.S. by 2020,