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Verizon Wireless CEO Daniel Mead.  (Source: trueiphone.com)
Says they have no interest in acquiring Sprint to stay number one

Verizon 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 remaining aloof.

In a 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.





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