Sprint CEO Hesse Says Verizon-Vodafone Deal Augurs More M&A

Sprint Chief Executive Officer Dan Hesse said the US telecommunications industry is bracing for more deals after Verizon Communications’ $130 billion buyout of its venture with Vodafone Group. “More consolidation in the industry is inevitable as phone carriers need more capacity to continue to invest and improve services,” Hesse said. “That’s also been reflected in what we’ve seen with Vodafone and Verizon. We should see more deals in the coming future.”