TechHive: Verizon and AT&T should face a bigger mobile rival, Sprint CFO says

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Verizon and AT&T should face a bigger mobile rival, Sprint CFO says Sep 27th 2013, 00:05, by Stephen Lawson, IDG News Service The U.S. mobile industry would be more competitive with one less carrier, Sprint's CFO said on Thursday. The problem now is that Sprint and T-Mobile US are so much smaller than the top two carriers, AT&T and Verizon Wireless, Joe Euteneuer said in an onstage interview at a Goldman Sachs conference in New York. Based on the experience of other industries, closer parity is better, he said. "When you get down to three comparable-sized players, you get much more effective competition," Euteneuer said. Sprint has approximately 55 million subscribers and T-Mobile about 43 million, while Verizon Wireless and AT&T both are around 100 million, though they count customers differently. T-Mobile US CFO Braxton Carter reportedly said Wednesday that a merger between his company and Sprint would be the logical next step in the industry's consolidation. Some industry analysts also believe the U.S. will eventually go to three competitors, as other affluent countries have. To read this article in full or to leave a comment, please click here Media files: telephone_rotary_dia-100007744-small.jpg

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