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Is It Really a Two-Horse Race?

5:00 PM -- The latest quarterly results from giant mobile carriers Cingular Wireless and Verizon Wireless seem to indicate that when it comes to cellular, size is everything after all. (See Verizon Claims Q3 Wireless Supremacy and Cingular's Subs-stantial Quarter.)

The two largest players in the market each added well over a million subscribers in the third quarter. In comparison, third-ranked Sprint Corp. (NYSE: S) added only 233,000 new customers over the same period. (See Sprint Nextel Struggles Continue.)

Some analsyts are already starting to wonder if Sprint Nextel could end up merging with T-Mobile US Inc. in order to compete. (See Three-Network Pileup.) Will further consolidation be a good thing for consumers? Don't bet on it.

— Dan Jones, Site Editor, Unstrung

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