As soon as the news broke about AT&T buying T-Mobile for $39 billion, the speculation started on the possibility of Verizon Wireless purchasing Sprint to leave us with 2 carriers in the US.
Daniel Mead, Verizon Wireless CEO, says there is no interest and he will not oppose the AT&T buyout of T-Mobile. Ahead of the CTIA Wireless Conference yesterday, Mead said “We’re not interested in Sprint. We don’t need them.” He went on to say that they do not want to be distracted from their goal of being the most profitable wireless operator in the US.
Mead expects that the deal between AT&T and T-Mobile will be approved by US regulators. If he is right AT&T will have approximately 130 million subscribers as opposed to around 100 million for Verizon Wireless.
This will not be the first time a CEO has said “No” and then months later it actually happened. Don’t be surprised if some day we are left with 2 carriers in the US.