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Rabu, 23 Maret 2011

AT&T, Sprint, Verizon Wireless CEOs Comment on AT&T, T-Mobile Deal - 4GWE

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March 22, 2011

AT&T, Sprint, Verizon Wireless CEOs Comment on AT&T, T-Mobile Deal

The top executives from AT&T (News - Alert) Mobility, Sprint and Verizon Wireless this morning at the CTIA show in Orlando, Fla., offered input on AT&T’s planned $39 billion takeover of T-Mobile.

Not surprisingly, AT&T Mobility’s Ralph de la Vega discussed the benefits of his company’s move to buy T-Mobile (News - Alert). He said that includes the ability for AT&T to more effectively address bandwidth demand.

“It’s in the public interest that we solve that pending spectrum exhaust issue,” he added.

Meanwhile, Sprint (News - Alert) Nextel CEO Dan Hesse, who is chairman of CTIA, expressed his reservations about the AT&T-T-Mobile combination.

“I do have concerns that it would stifle innovation and too much power would be in the hands of just two” players, Hesse said.

He noted that if regulators allow AT&T to buy T-Mobile, the new company would control 79 percent of the market.

When asked by moderator Jim Cramer of CNBC show Mad Money whether he agrees with media reports that the AT&T-T-Mobile combination offers consumers little to cheer about, Hesse responded: “I have to agree with the Times.”...Read More >>>

Edited by Tammy Wolf

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What AT&T Purchase of T-Mobile Means

By: Rich Tehrani

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