Verizon Considering Bid for Sprint
Verizon Considering Bid for Sprint
Today, 11:37 AM 12-14-04 source: Wall Street Journal / AP via Forbes
The Wall Street Journal is reporting that Vodafone has given Verizon Wireless the green-light to make a bid to buy Sprint. Vodafone owns 45% of Verizon Wireless. Such a bid could disrupt final negotiations for a merger between Sprint and Nextel, a deal that is tentatively scheduled to be announced tomorrow in New York. Verizon Communications has been studying a potential Sprint takeover for 18 months, but even with the nod from Vodafone, it is not clear if Verizon will go ahead with the bid. A successful acquisition of Sprint would return Verizon Wireless to the #1 spot, with 65 million customers, after being unseated two months ago when Cingular absorbed AT&T Wireless.
The Wall Street Journal is reporting that Vodafone has given Verizon Wireless the green-light to make a bid to buy Sprint. Vodafone owns 45% of Verizon Wireless. Such a bid could disrupt final negotiations for a merger between Sprint and Nextel, a deal that is tentatively scheduled to be announced tomorrow in New York. Verizon Communications has been studying a potential Sprint takeover for 18 months, but even with the nod from Vodafone, it is not clear if Verizon will go ahead with the bid. A successful acquisition of Sprint would return Verizon Wireless to the #1 spot, with 65 million customers, after being unseated two months ago when Cingular absorbed AT&T Wireless.
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Originally Posted by VeeralS05
I think it should be, Nextel buy Sprint, than buy Verizon....
I'd hate for my Sprint phone to become Verizon. Most of my friends have switched from Verizon to Cingular recently due to the absoultely terrible customer service, boring phones and ho-hum plans from Verizon.
I'd definitely switch to Cingular if that happened
I'd definitely switch to Cingular if that happened
Originally Posted by synth19
that would be tight.... my dad will be happy since he has a crapload of Verizon stock... blang blang
good thing VERIZON WIRELESS is privatley owned and does not have any stock..
Originally Posted by cusdaddy
I'd hate for my Sprint phone to become Verizon. Most of my friends have switched from Verizon to Cingular recently due to the absoultely terrible customer service, boring phones and ho-hum plans from Verizon.
Interesting. I've always thought that Verizon offer the best cutsomer service. They were among the first to have a Customer and Technical service counter for people to go to. It's only recently that I've noticed that all the lesser brand have started to have a customer service counter w/in their stores. I tend to think that Verizon phones choices, however "bland", tend to last longer than the current trend. It sure costs money to be a Verizon customer, but I get great service and a clear connection anywhere. Never got that with Sprint. But perhaps it's all dependent upon the region that you're in?
Originally Posted by AsianRage
I wouldn't mind Verizon expanding.
Interesting. I've always thought that Verizon offer the best cutsomer service. They were among the first to have a Customer and Technical service counter for people to go to. It's only recently that I've noticed that all the lesser brand have started to have a customer service counter w/in their stores. I tend to think that Verizon phones choices, however "bland", tend to last longer than the current trend. It sure costs money to be a Verizon customer, but I get great service and a clear connection anywhere. Never got that with Sprint. But perhaps it's all dependent upon the region that you're in?
Interesting. I've always thought that Verizon offer the best cutsomer service. They were among the first to have a Customer and Technical service counter for people to go to. It's only recently that I've noticed that all the lesser brand have started to have a customer service counter w/in their stores. I tend to think that Verizon phones choices, however "bland", tend to last longer than the current trend. It sure costs money to be a Verizon customer, but I get great service and a clear connection anywhere. Never got that with Sprint. But perhaps it's all dependent upon the region that you're in?

Lastly, in regards to coverage, I'll definitely admit Sprint was pretty poor a few years back, but I have no complaints now. In the CT & NY area, I rarely encounter an area where I lose a signal. The only service left that lags behind in this area is T-Mobile. I can drive from Manhattan to Fairfield CT on I-95 without ever dropping a signal, but all people I know that have Verizon service drops their call on I-95 in Greenwich CT (regardless of phone).
Lastly, I like the fact Sprint is independent and I hope it stays that way. I think 3 strong competitors is a good # (Cingular, Verizon, Sprint-Nextel)
there is really no incentive for them to stay in the market anymore, after the sprint/nextel merger there will only really be 3 big carriers. tmobile wont even be half the size of the 3rd largest and i would assume as time goes on people will start to switch from them to one of the larger carriers. it most likely wont happen for another year or two, but eventually it will happen. this merger is going to make it difficult for verizon if they decide to buy out sprint down the road.
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