BellSouth Says Wireless Mergers Needed
For months analyts have been saying that there are two many wireless carriers chasing too few customers. Carriers know this, despite continuing to go after new customers. But it’s not everyday they admit it publicly. At a Goldman Sachs investor conference, BellSouth Chairman Duane Ackerman said that consolidation is necessary. Coming from BellSouth, co-owner of number 2 carrier Cingular, just validates the rumors that Cingular will likely buy/merge one of their competitors. The real question is when?
