Verizon CEO won’t bother opposing AT&T – T-Mobile deal, won’t bother buying Sprint
Verizon Wireless CEO Daniel Mead was interviewed by Reuters and said he won’t lobby against the proposed merger of his two competitors because there’s just no point. These mergers go through eventually, he figures, so while there may be a bunch of concessions made, it’s not going to get blocked for good. He also says that his company has no interesting acquiring Sprint. Sprint already went on the record on Sunday night with a list of gripes about the proposed merger. Of course, that merger threatens Sprint’s survival, not Verizon’s.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.
Donate now to get almost any thank-you gift.