NEW YORK: Verizon Communications Inc does not see an urgent need to undertake a big strategic merger or acquisition, its chief executive said, as some Wall Street analysts have urged the wireless company to do.
Some analysts believe Verizon needs a more transformative acquisition than its US$4.48bil (RM19.45bil) deal for Yahoo Inc's core business to diversify away from the slow-growth wireless industry as it battles smaller rivals in an oversaturated market for US mobile phone service.
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