He continued, I’ve also read the rumor that Virgin was going to use the VoiceStream network, and I’ve also read the rumor that they were going to use the AT&T network, so pick your day, pick your rumor.
It was largely acknowledged that the agreement was a done deal but now looks uncertain, with Virgin due to use the Sprint network to introduce Virgin-branded cellular service as a mobile virtual network operator, in the US.
When questioned if the deal would not occur Mr Levine commented, we continue to talk to people every day.
Conceptually, I think it’s an interesting model. I think it makes sense if the MVNO operator is targeting a very different market segment, or very different channels for distribution than the service provider, he added.
There have also been rumors that Sprint will commit a $3 billion equity offering to fund growth, when asked to comment Mr Levine remarked, there is probably going to be increased equity in the company this year.
