A buyout of Time Warner (TWX +0.4%) by AT&T (T -0.2%) will mean fundamental change for the wireless industry, Sprint (S +1.5%) Chief Financial Officer Tarek Robbiati says.
He didn’t have much to say about a much-discussed prospective merger with fellow underdog T-Mobile (TMUS +0.1%), but noted with AT&T/Time Warner progressing, “We’ll see how this will pan out over time … That’s really creating a platform for convergence.”
That could still mean a deal with a cableco rather than T-Mobile as an inevitable partner, he says, and Comcast (CMCSA -0.6%) and Charter (CHTR -0.4%) have signaled their ambitions for at least MVNO service, if not a full-on wireless merger.
“Those platforms could be taking different shapes, it could be wireless, could be cable platforms, fiber platforms, it could be even satellite platforms, you name it,” Robbiati said. “That’s the world we are living in and it’s going to shape fundamentally the industry in the United States.”