Tuesday, March 22, 2011

Verizon Says it doesn't want Sprint

The ink is barely dry on the AT&T/T-Mobile acquisition, and people are already abuzz about a possible purchase of Sprint by Verizon Wireless. But don't go purchasing Sprint stock just yet; Reuters is reporting that VZ's CEO, Daniel Mead, says he has "no interest" in a deal with Sprint.

"The CEO said the company did not want to be distracted from its goal of being the most profitable U.S. wireless operator... 'We're not interested in Sprint. We don't need them,' said Mead, speaking to Reuters ahead of the CTIA Wireless Conference."

When asked his thoughts about the AT&T/T-Mobile deal, he said that he would not oppose AT&T's plans to buy Deutsche Telekom's (DTEGn.DE) T-Mobile USA for $39 billion.

Reuters: Verizon Wireless CEO says no interest in Sprint deal

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