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Home - Archived Articles - Sprint says it will not play in merger mania
Archived ArticlesCarriers

Sprint says it will not play in merger mania

by RCR Wireless News February 5, 2004
written by RCR Wireless News February 5, 2004 Share
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NEW YORK-Sprint Corp. told industry analysts at an investor conference that the company planned to sit out the merger mania currently sweeping the wireless industry, noting the company would instead focus its wireless operations on growing relationships with wholesale partners and closer integration with Sprint’s wireline operations.

“We’re very committed to running this business on our own,” said Sprint President and Chief Operating Officer Len Lauer.

Sprint’s chief executive officer, Gary Forsee, added that the company expects to see benefits from customer uncertainty surrounding its competitors and potential merger activity.

Analysts have noted that a potential merger between Cingular Wireless L.L.C. and AT&T Wireless Services Inc. could cause a reaction from Verizon Wireless, including the possible acquisition of Sprint PCS.

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