Virgin Mobile USA sees Telecom Consolidation
Posted on Tue, 20 May 2008 23:03:39 CDT | by Luigi Lugmayr
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NEW YORK (Reuters) - The head of Virgin Mobile USA said on Tuesday he expects
more consolidation in the U.S. telecommunications industry, including deals
among providers who rent space on larger operator's networks.
Chief Executive Dan Schulman also reiterated that Virgin was in preliminary
talks with SK Telecom Co "about a number of different potential opportunities."
SK controls Helio, another U.S. mobile operator, which like Virgin rents network
space to target young customers.
Schulman told the Reuters Global Technology, Media and Telecoms Summit that
along with deals among mobile virtual network operators (MVNOs) he also expects
other operators of wireline, wireless and cable networks to consolidate.
"I do believe you're going to see continued consolidation in this industry," Dan
Schulman said. "That should not be surprising to anybody. Over the long term
networks are commodities ... what you need is more and more scale and more and
more cost efficiencies."
Virgin Mobile USA is partly owned by Richard Branson's Virgin and Sprint Nextel
.
© Copyright 2007 Reuters.
Posted on Tue, 20 May 2008 23:03:39 CDT | by Luigi Lugmayr
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