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larry · 11-21-2002, 3:56 PM

New Chief Executive of Sprint PCS Discusses Need for Industry Consolidation

LowTech · 11-22-2002, 2:07 AM

that's rediculous...the more competition the better. Look at long distance prices today compared to ten years ago.

MaTTK · 11-22-2002, 5:56 AM

Quote:

that's rediculous...the more competition the better

Only to a certain point. The wireless industry badly needs some stability right now. Too much competition hurts the overall business by forcing everyone to continually undercut each other on price and lose that stibility in their operations and revenue.

Matt

RaiderDoug · 11-22-2002, 7:35 AM

It makes perfect sense. It is costing companies like Sprint billions to upgrade to 3G services. When you consider they have yet to turn a profit, and are now faced with all these costs, you wonder how long they can go on.

Nextel has been around 10 years, and just had their first profitable quarter. Leap wireless is in bankruptcy.

Overall growth is slowing, and if companies like these (And there are others) couldn't make money when business was booming, why would you think they could do better as things slow. There IS NOT enough money out there to go around. Someone is going to go under. Consolidation has to happen. Rates will continue to drop over time, and if most wireless companies are in the red when average revenues are as high as they are now, and rates drop, where will they be then.

jmccrane · 11-22-2002, 10:55 AM

All of the major players (Cingular, Verizon, Sprint, AT&T, T-Mo, etc.) are backed by much laregr companies with deep pockets. This isn't the way it always was. Comcast (before they were a giant) owned the local "A-side" system in Philadelphia until 1999. There are other examples as well. The point is that most of these companies would be dead without the capital investments from their parents. Consolidation has to happen or investors will make bad things happen to some of these cellular companies. Investors don't like losses forever [img]i/expressions/face-icon-small-smile.gif[/img]

WirelessBeachBum · 11-22-2002, 8:33 PM

Some Consolidation is going to happen, I know of many smaller regional carriers (and affiliates of larger ones) that are going to be the primary targets for aquistion...it only makes sense.

Apoc · 11-22-2002, 10:17 PM

Quote:

Originally posted by: LowTech
that's rediculous...the more competition the better. Look at long distance prices today compared to ten years ago.

I like this quote I think it's a shame whatever this post is about.

CheapArse · 11-23-2002, 2:32 PM

His talk is just like most professional sports team owners here in the US.
He wants to have a cap on plans or service yet he doesnt want to be the one in the mix of mergers or takeovers.
As he said his company wants to be the leader in the wireless industry.

Most of these wireless companies are money makers but like all investments it takes time.
All these years in the red is caused by all of the costs in building the network needed to keep the system working and since the US is a large country it will cost more to inplement all of the towers and network across the US.

I own a small business and it took me 3 years to show a profit. I hardly make 1/10000000 the sales these wireless companies make but then again I dont have to invest $100,000,000 into my business as well.

I do agree that 6 large wireless carriers are too much but I love the competition.

alton987 · 01-22-2003, 4:45 PM

The wireless industry is like a giant snake eating itself I work for a wireless company and things are getting worse every quarter we are underselling each other to death people seem to forgot Cellular Companies are in Business to make a profit. I hate to say but I think consalidation would help stabilize the industry.........

~~ILUVSOCAL~~ · 01-22-2003, 5:45 PM

Translation=lay off a bunch of people, and give the CEO's big pay raises and stocks.

northform · 01-25-2003, 4:42 PM

Consolodation would probably benefit the wireless companies, but not the customers. The problem is that Sprint really can't merge with anyone. There are only a few CDMA 1900 providers in the regional space (Leap Wireless 1.1; Qwest 1; Alamosa .5; AirGate .4; Ntelos .2; Horizon PCS .2 - customers in millions). Some of those are already part of Sprint's affiliate programme so there really wouldn't be a change.

GSM, on the other hand, has more room to consolodate with 3 prime companies in Cingular, ATT, and T-Mobile. Probably won't happen, but who knows.

ehcruzan · 01-28-2003, 6:32 PM

Quote:

Originally posted by: ILUVSOCAL
Translation=lay off a bunch of people, and give the CEO's big pay raises and stocks.

You can say that again

11-21-2002, 3:56 PM	#1
larry Go Lakers! Join Date: Oct 2001 Location: Orange County, CA Posts: 13,471 Phone(s): LG Rumor 2, Sanyo Katana II Provider(s): Sprint Thanks: 30 Thanked 26 Times in 25 Posts Images: 156 My Auctions	New Chief Executive of Sprint PCS Discusses Need for Industry Consolidation New Chief Executive of Sprint PCS Discusses Need for Industry Consolidation

11-22-2002, 2:07 AM	#2
LowTech Junior Member Join Date: Oct 2002 Posts: 163 Thanks: 0 Thanked 0 Times in 0 Posts	New Chief Executive of Sprint PCS Discusses Need for Industry Consolidation that's rediculous...the more competition the better. Look at long distance prices today compared to ten years ago.

11-22-2002, 7:35 AM	#4
RaiderDoug Junior Member Join Date: Oct 2002 Posts: 78 Thanks: 0 Thanked 0 Times in 0 Posts	New Chief Executive of Sprint PCS Discusses Need for Industry Consolidation It makes perfect sense. It is costing companies like Sprint billions to upgrade to 3G services. When you consider they have yet to turn a profit, and are now faced with all these costs, you wonder how long they can go on. Nextel has been around 10 years, and just had their first profitable quarter. Leap wireless is in bankruptcy. Overall growth is slowing, and if companies like these (And there are others) couldn't make money when business was booming, why would you think they could do better as things slow. There IS NOT enough money out there to go around. Someone is going to go under. Consolidation has to happen. Rates will continue to drop over time, and if most wireless companies are in the red when average revenues are as high as they are now, and rates drop, where will they be then.

11-22-2002, 10:55 AM	#5
jmccrane Join Date: Jun 2002 Posts: 962 Thanks: 0 Thanked 0 Times in 0 Posts	New Chief Executive of Sprint PCS Discusses Need for Industry Consolidation All of the major players (Cingular, Verizon, Sprint, AT&T, T-Mo, etc.) are backed by much laregr companies with deep pockets. This isn't the way it always was. Comcast (before they were a giant) owned the local "A-side" system in Philadelphia until 1999. There are other examples as well. The point is that most of these companies would be dead without the capital investments from their parents. Consolidation has to happen or investors will make bad things happen to some of these cellular companies. Investors don't like losses forever [img]i/expressions/face-icon-small-smile.gif[/img]

11-22-2002, 8:33 PM	#6
WirelessBeachBum Soylent Green is People Join Date: Jul 2002 Location: Hilton Head Island, SC Posts: 2,804 Phone(s): HTC Touch Pro Provider(s): Alltel Wireless Thanks: 5 Thanked 1 Time in 1 Post My Auctions	New Chief Executive of Sprint PCS Discusses Need for Industry Consolidation Some Consolidation is going to happen, I know of many smaller regional carriers (and affiliates of larger ones) that are going to be the primary targets for aquistion...it only makes sense. __________________ WirelessBeachBum Follow Me on Twitter Become a fan on Facebook

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11-23-2002, 2:32 PM	#8
CheapArse Fresh Member Join Date: Nov 2002 Posts: 31 Thanks: 0 Thanked 0 Times in 0 Posts	New Chief Executive of Sprint PCS Discusses Need for Industry Consolidation His talk is just like most professional sports team owners here in the US. He wants to have a cap on plans or service yet he doesnt want to be the one in the mix of mergers or takeovers. As he said his company wants to be the leader in the wireless industry. Most of these wireless companies are money makers but like all investments it takes time. All these years in the red is caused by all of the costs in building the network needed to keep the system working and since the US is a large country it will cost more to inplement all of the towers and network across the US. I own a small business and it took me 3 years to show a profit. I hardly make 1/10000000 the sales these wireless companies make but then again I dont have to invest $100,000,000 into my business as well. I do agree that 6 large wireless carriers are too much but I love the competition.

01-22-2003, 4:45 PM	#9
alton987 No more newbie here! Join Date: Jan 2003 Posts: 8 Thanks: 0 Thanked 0 Times in 0 Posts	New Chief Executive of Sprint PCS Discusses Need for Industry Consolidation The wireless industry is like a giant snake eating itself I work for a wireless company and things are getting worse every quarter we are underselling each other to death people seem to forgot Cellular Companies are in Business to make a profit. I hate to say but I think consalidation would help stabilize the industry.........

01-22-2003, 5:45 PM	#10
~~ILUVSOCAL~~ Banned Join Date: Feb 2002 Location: Redwood Valley, CA Posts: 2,485 Phone(s): Nokia 3600(me), SE T616(me),T226(mom), Samsung SGH-x426(me), Nokia 7210(dad) Provider(s): AT&T(Me),Cingular(Me,Mom),Edge Wireless(Dad) Devices: BlueTrek G2 Bluetooth Headset Thanks: 0 Thanked 0 Times in 0 Posts My Auctions	New Chief Executive of Sprint PCS Discusses Need for Industry Consolidation Translation=lay off a bunch of people, and give the CEO's big pay raises and stocks.

01-25-2003, 4:42 PM	#11
northform Join Date: Dec 2002 Posts: 891 Thanks: 0 Thanked 0 Times in 0 Posts	New Chief Executive of Sprint PCS Discusses Need for Industry Consolidation Consolodation would probably benefit the wireless companies, but not the customers. The problem is that Sprint really can't merge with anyone. There are only a few CDMA 1900 providers in the regional space (Leap Wireless 1.1; Qwest 1; Alamosa .5; AirGate .4; Ntelos .2; Horizon PCS .2 - customers in millions). Some of those are already part of Sprint's affiliate programme so there really wouldn't be a change. GSM, on the other hand, has more room to consolodate with 3 prime companies in Cingular, ATT, and T-Mobile. Probably won't happen, but who knows.

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