The wireless industry is likely to shrink down to two or three players, roughly half the roster across the U.S. today, according to an AT&T executive.
John Stephens, CFO of AT&T, spoke at a Nomura investment conference on Wednesday. Stephens was asked about consolidation in light of AT&T's failure to acquire T-Mobile. Regulators panned AT&T's T-Mobile acquisition over competitive worries.
I think it is just logical that the industry is going to consolidate in some form or fashion. I think the marketplace has spoken to that with … Read more