Spring CFO Tarek Robbiati confirmed at a Deutsche Bank investor conference that Verizon's push on unlimited data is hurting Sprint's numbers. He also said that unlimited data pricing is hurting profit margins.
With Verizon's announcement of new unlimited data plan, T-Mobile followed suit with a refreshed matching plan. All four major telecom operators - Verizon, AT&T, Sprint and T-Mobile are vying to increase their user base with unlimited data plans.
Move over Verizon, step aside AT&T, Google is set to launch its own wireless service in the United States. The new service will run on both the Sprint and T-Mobile networks, as they have agreed to carry the service and will only work on the Google Nexus 6, for now. The phone will switch between the two networks depending on who has the strongest signal.
The possible merger between Sprint and T-Mobile received another potential obstacle Thursday when French telecommunications firm Iliad entered the fray with a $15 billion bid for T-Mobile.