Verizon not interested in buying Sprint - WBRC FOX6 News - Birmingham, AL

Verizon not interested in buying Sprint

By Daniel Ionescu, PCWorld

AT&T's buyout of T-Mobile has prompted rumors that Verizon will follow suit and acquire Sprint, but Verizon was quick to squash the speculation. By purchasing T-Mobile for $39 billion, AT&T will become the largest U.S. carrier with more than 134 million customers, threatening Verizon's top spot position in the market.

To counter AT&T's move, speculation was rife Monday over whether Verizon would acquire Sprint in order to consolidate its position on the market. However, this is not going to happen any time soon, as Verizon is not interested in Sprint, the company's chief executive told Reuters.

"We're not interested in Sprint. We don't need them," Verizon Wireless chief executive Daniel Mead said. He continued saying Verizon, a joint venture with Vodafone Group, does not want to be distracted from its goal of being the most profitable U.S. wireless operator.

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