The next head of Verizon Communications
I'd say the merger will probably go through. It's a merger AT&T probably had to do, Verizon Chief Operating Officer Lowell McAdam said in a webcast of the Fortune Brainstorm Tech conference.
McAdam, who is slated to become chief executive of Verizon by year end, said the deal made sense for AT&T, which needs more wireless airwaves, and that the only surprising aspect was that it did not happen sooner.
In contrast, Sprint Nextel
The acquisition will vault No. 2 U.S. mobile service AT&T and No. 4 U.S. mobile service T-Mobile USA well ahead of current market leader Verizon Wireless.
Verizon Wireless is a venture of Verizon Communications and Vodafone Group Plc
(Reporting by Sinead Carew; editing by Matthew Lewis)