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The SpaceX Falcon 9 test rocket lifts off from Space Launch Complex 40 at the Cape Canaveral Air Force Station in Cape Canaveral, Florida, May 22, 2012. REUTERS/Pierre DuCharme

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The moon passes between the sun and the earth behind a windmill near Albuquerque, New Mexico May 20, 2012. The sun and moon aligned over the earth in a rare astronomical event - an annular eclipse that dimmed the skies over parts of Asia and North America, briefly turning the sun into a blazing ring of fire. REUTERS/Lucas Jackson (UNITED STATES - Tags: SCIENCE TECHNOLOGY ENVIRONMENT SOCIETY)

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The Town Hall building on Sant' Agostino near Ferrara is seen damaged after an earthquake May 20, 2012. A strong earthquake rocked a large swathe of northern Italy early on Sunday morning, causing at least three deaths and collapsing rural factories and ancient bell towers in towns. REUTERS/Giorgio Benvenuti

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Verizon Wireless CEO says no interest in Sprint deal

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By Sinead Carew

ORLANDO, Florida | Mon Mar 21, 2011 11:07pm EDT

ORLANDO, Florida (Reuters) - The chief executive of Verizon Wireless said he has no interest in buying Sprint Nextel Corp (S.N) even as the company stands to lose its top position in the U.S. wireless market because of a merger between AT&T Inc (T.N) and T-Mobile USA.

Verizon Wireless CEO Daniel Mead also said he would not oppose AT&T's plans to buy Deutsche Telekom's (DTEGn.DE) T-Mobile USA for $39 billion.

The CEO said the company did not want to be distracted from its goal of being the most profitable U.S. wireless operator. Verizon Wireless is a joint venture of Verizon Communications (VZ.N) and Vodafone Group (VOD.L).

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

AT&T announced plans on Sunday to buy T-Mobile USA in a massive deal to create a new U.S. mobile market leader.

Mead said U.S. regulators would likely approve the AT&T/T-Mobile deal if the companies agreed to certain conditions. AT&T is expected to have to sell some assets in order to get regulators to approve the deal.

"Anything can go through if you make enough concessions," Mead said.

(Reporting by Sinead Carew, writing by Lewis Krauskopf in New York; Editing by Vinu Pilakkott)
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Comments (2)
Tkdcorp wrote:
Good move by Verizon, they know if this sale goes through alot of T-Mobile customers will switch to Verizon. Why because almost 60% of customers left AT&T to T-Mobile.

Mar 22, 2011 2:03pm EDT  --  Report as abuse
debo7debo wrote:
Actually, it may not work in their favor only because I have a friend who just asked me today about Verizon Wireless plans, because they are thinking of switching over since they heard about the merger.

Mar 22, 2011 4:41pm EDT  --  Report as abuse
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