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August 7, 2014
NEW YORK (AP) — The collapse of Sprint's push to buy T-Mobile US could mean fresh options in wireless plans and lower prices for U.S. consumers. But in the long run, tougher competition on prices could lead to slower service and slower expansion of coverage.
Sprint's chairman Masayoshi Son said the company would shift its focus from “consolidation,” i.e. buying up competitors, to “competing aggressively in the marketplace.” He is hiring Marcelo Claure, an entrepreneur who hasn't run a wireless carrier before, to be Sprint Corp.'s new CEO, signaling that Son is looking for a new strategy.
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