Bigger No. 3 Wireless Carrier Would Help Industry, Sprint’s Hesse Says

After deflecting questions about Sprint Corp. merging with T-Mobile US Inc., Sprint CEO Dan Hesse said Monday that a bigger No. 3 wireless company would benefit consumers and the industry.

The comments follow a torrent of reports last week that claim Sprint’s parent company, SoftBank Corp., is preparing a bid for T-Mobile, the No. 4 U.S. wireless company. If allowed by regulators, the merger would divide most of the U.S. wireless market among three companies.

A merger also would still leave Overland Park, Kan.-based Sprint as the third-largest wireless provider. The largest, Verizon Wireless, has about 95 million postpaid subscribers, the most lucrative consumer segment, and AT&T Inc. has approximately 72 million. Sprint has nearly 31 million postpaid customers, and T-Mobile has about 21 million.

Read more from the Kansas City Business Journal

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