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"The wireless industry is the most competitive telecommunications market on the planet," Mr. McBride said.
The move comes as the company struggles to survive in the increasingly volatile and competitive telecommunications industry.
For France Telecom, the deal is the latest in a series of acquisitions this year intended to increase its bulk in the highly competitive telecommunications market.
The move comes as the company struggles to survive in the increasingly volatile and competitive telecommunications industry that was created after the breakup of AT&T's near-monopoly in 1984.
Although many of the former monopolies have been replaced by private companies, the satellite industry has been slow to adapt to the new competitive telecommunications and a larger base of Internet-using customers.
Instead, they cited huge overcapacity, softness in the economy and what some suggested was the failure of federal regulators to create a marketplace where competitive telecommunications companies could prosper.
Similar(46)
Since 2005, he has overseen one of the most competitive national telecommunications markets in Europe, with three telecommunications and two cable TV operators selling broadband Internet and phone service.
Mr. Coulson lacks experience in the increasingly competitive European telecommunications sector.
THE BellSouth Corporation is introducing a campaign tomorrow meant to recast the company as a high-technology leader in an effort to become more competitive against telecommunications and online rivals.
Softbank is known to be the pricebreaker in Japan's highly competitive mobile telecommunications market.
Such popularity is hard to come by in a crowded, competitive category like telecommunications, which is flooded with look-alike ads.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com