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Sprint, Verizon in Talks to Buy Phone Handsets in China
Posted: 17-Nov-2004 [Source: Bloomberg]

[Verizon Wireless and Sprint reported to be in talks with Chinese handset vendors in efforts to expand the number of low-end models in their portfolios.]

Hong Kong -- "Verizon Wireless and Sprint Corp., two of the three largest U.S. mobile-phone operators, said they're in talks to buy handsets from Chinese producers and suggested China's influence in the industry is growing.

Sprint may pick at least one Chinese supplier within three months and is in talks with four to five others in the country, Stephen Falk, vice president of global development, said in an interview in Hong Kong. Verizon is also in talks with Chinese manufacturers, said Gerard Flynn, a director at the New Jersey- based company. Neither official named the potential suppliers."

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