Verizon will likely keep its spending for 2014 in the $17 billion range, according to CFO Fran Shammo.
Speaking at an investor conference today, Shammo said that consistency in spending in necessary to maintain a wireless network.
“If you’re not consistent in a wireless world with your spend…you’re going to run into a problem. You can’t stop and start that,” Shammo said.
Shammo said that it was likely that spending on the company’s wireless network may go up, while spending on wireline was likely to decrease. That said, he expects total CapEx for the year to remain in the $17 billion range.
With respect to whether Verizon might be looking to sell off its towers, Shammo sounded as though the issue is no an if but a when.
“I have a price, I have terms and conditions, if I get both of those met, I’ll sell our towers,” Shammo said.
When asked whether Verizon would be at all interested in expanding into Canada or Mexico, Shammo said that idea was panned a long time ago.
“At least where we sit today, there’s nothing major that we need to be successful,” Shammo said, pegging smaller, strategic investments, like the carrier’s recent OnCue pick up, as the way forward.
Filed Under: Carriers
