With the merger of AT&T and BellSouth on the horizon, some Verizon investors are worried that Verizon may spend too much to compete in the wireless market. If the merger takes place, Cingular Wireless, which is Verizon Wireless' chief competitor, will be owned by the merged AT&T.
To compete with Cingular Wireless, investors believe that Verizon may pay big money to get full ownership of Verizon Wireless, which is currently part-owned by Vodaphone. To read more about the situation, check out the article Investors fear Verizon may overpay to battle AT&T.
