has broken its silence on AT&T's announced $39-billion
acquisition of T-Mobile USA. Currently the nation's largest wireless
provider (to be the nation's second if the deal goes through), Verizon is
comment to Reuters, Verizon
Wireless CEO Daniel Mead said he did not oppose the AT&T/T-Mobile deal,
adding that he had no plans to acquire Sprint in order to stay number one.
"We're not interested in Sprint. We don't need them," Mead told Reuters.
Mead also said that he predicted regulators would approve the blockbuster deal,
as long as certain conditions are met. "Anything can go through if
you make enough concessions," he said.
Meanwhile, Sprint had
a bit more to say about the deal, perhaps because it has the most to lose.
Although Sprint would remain third in terms of customer base, it would be a
much more distant third without another mid-level player like T-Mobile below it
to compete with.
T-Mobile has released a
FAQ to quell customers concerns over the acquisition, maintaining that
it would remain an independent company for at least the next year while the
deal gets finalized. Presumably, rate plans and customer contracts will be
grandfathered in even after the acquisition is completed.
quote: I guess the big loser in this merger will be the American consumer.
quote: There is actually a good chance that even Sprint will raise prices after T-mobile is gone.