More News:

January 17, 2017

Report: Verizon buy into cable could lead to Comcast

Has Verizon set its sights on Comcast?

The wireless company is said to be considering acquisition of a cable company, according to the New York Post, citing two well-placed sources.

One of those sources told the newspaper that the "most likely targets" would be Philadelphia's Comcast or Charter Communications.

Purchase of a cable company could help Verizon grow demand for its wireless data products, the sources said, according to the Post. Verizon CEO Lowell McAdam allegedly told friends at the Consumer Electronics Show in Las Vegas earlier this month that he wants to buy into cable, one source said.

Verizon rival AT&T has already acquired DirecTV and has announced its intent to acquire Time Warner as well.

The Post said:

To be sure, Verizon is not in talks with any cable company and may not ever make such a move. Verizon declined to comment.

It remains unknown whether Verizon will proceed with its planned acquisition of Yahoo.

For more on why a Comcast acquisition could make sense for Verizon, read the full story at the New York Post.