Updated from 9:54 a.m. ET to include analyst commentary and opening share prices
NEW YORK (TheStreet) -- Verizon Communications (VZ) said on a Monday conference call it was pleased with an agreement Netflix (NFLX) and Comcast (CMCSA) signed on broadband network interchange, and confirmed that it would seek a similar deal.
Verizon's comments came on a call the company hosted about its financial guidance after closing its $130 billion acquisition of full control of Verizon Wireless from Vodafone (VOD).
After providing analysts with guidance that the communications giant would continue to seek spectrum purchases for five-to-10 years and would commit to debt reductions and its dividend over share repurchases in the next few years, Verizon Communications took a moment to reflect on net neutrality and Netflix's deal with Comcast, likely an important step forward for both the streaming video and broadband industries.
Verizon said it was happy that courts ruled in favor of its contest with the Federal Communications Commission over whether the regulator could determine broadband pricing.
Earlier in 2014, U.S. courts upheld a decision that restricted the FCC from regulating net neutrality, potentially paving the way for new broadband pricing models such as some based on usage. Usage based pricing has long been a threat to streaming video providers like Amazon (AMZN), Netflix, and Google (GOOG).
However, Verizon rejected the notion that it was poised to implement usage based pricing schemes that have long been speculated by the media.