Hesse sees Vodafone deal as tip of M&A iceberg

09/9/2013 | Bloomberg · CNET

Verizon Communications' $130 billion purchase of Vodafone Group is a sign of things to come, Sprint CEO Dan Hesse said Sunday. "More consolidation in the industry is inevitable as phone carriers need more capacity to continue to invest and improve services," he said in an interview, adding that Sprint contained enough resources to "consider" its own move into overseas expansion. Hesse also said he is a fan of Google Glass and wearable devices and pointed to fitness applications as being particularly appealing to consumers, especially once the price point of such devices comes down.

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