Verizon Wireless CEO says company has no interest in buying Sprint

Verizon Wireless CEO Daniel Mead said on Monday that the company has no interest in a merger with Sprint, a notion that had been tossed around by analysts over the weekend following news that AT&T intends to Acquire T-Mobile USA. “We’re not interested in Sprint. We don’t need them,” Mead told Reuters reporters in Florida ahead of this year’s CTIA Wireless conference. Should AT&T’s acquisition of T-Mobile USA from European telecommunications giant Deutsche Telekom receive regulatory approval, AT&T would become the nation’s top wireless carrier by subscriber count. Verizon Wireless currently holds the No. 1 position, which it took from AT&T back in January 2009 when the carrier completed its acquisition of top regional carrier Alltel. AT&T’s merger with T-Mobile USA stands to create a much more substantial lead where subscriber count is concerned, however, making AT&T home to over 130 million wireless subscribers compared to Verizon Wireless’ 102 million.

Read

blog comments powered by Disqus