Virgin Mobile USA Sees Telecom Consolidation
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.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in