Investors were selling shares of Verizon (NYSE:VZ) and AT&T (NYSE:T) after DISH Network dropped its bid for Sprint Nextel (NYSE:S), presumably because counter-bidder SoftBank is more capable of building a strong competitor. But before we put Sprint on par with Verizon and AT&T, we need to look at what huge strides the company has to make in order to catch up with its larger rivals. Fool contributor Travis Hoium doesn't think Verizon or AT&T have too much to worry about yet.
Fool contributor Travis Hoium owns shares of Apple. The Motley Fool recommends Apple. The Motley Fool owns shares of Apple. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.