Sprint Seen as Jockeying for Place in Merger Game
This quote from an A.G. Edwards analyst is right on target, it seems to me. I think Sprint would be a good acquisition for Verizon, particularly for its compatible wireless technology it's robust long distance network and the strategic fit to balance the Cingular buy of AT&T Wireless.
On the other hand, maybe Vodaphone wants them, perhaps selling off the local and LD business to Verizon.
Either option makes strategic sense, if the price is right, of course.
"Anthony F. Ferrugia, an analyst with A. G. Edwards & Sons, also said that Sprint did not appear to be setting itself up for a quick sale. But he said that Sprint could be a desirable target for Verizon, the nation's largest telecommunications provider, which could gain from acquiring Sprint's compatible wireless network along with its long-distance network."
No comments:
Post a Comment