Verizon: “No interest” in Sprint deal

Verizon’s CEO denied interest in a Sprint deal in a statement released today:

“We’re not interested in Sprint. We don’t need them,” said Mead, speaking to Reuters ahead of the CTIA Wireless Conference.

You may not need them, but your shareholders might. Unregulated capitalism inevitably leads to consolidation in the market, and if Sprint begins to take customers from AT&T and Verizon, he may be forced to act.

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