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.
Zach Epstein
Zach Epstein is the Executive Editor of BGR. He has 10 years of industry experience, first in marketing and business development with two private Telcos, then as a writer and editor covering business, technology and telecommunications.
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