Sprint Nextel CEO Dan Hesse says he's concerned that AT&T's deal to buy T-Mobile USA for $39 billion could strengthen the top two U.S. wireless companies at the expense of others, including his.
Hesse says AT&T Inc. and Verizon Wireless would control 79 percent of the market if the deal goes through. The head of Sprint Nextel Corp. made a keynote speech Tuesday at a cellphone industry conference in Orlando, Fla., which was monitored by webcast.
Hesse says, "I do have concerns that it would stifle innovation and too much power would be in the hands of two."
The head of Verizon Wireless, Dan Mead, was asked whether he had stand on the proposed deal. He replied, "We're certainly very interested in what's going on."
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