Analyst predicts wireless price war, says industry is "collapsing"

Where would the wireless industry be without a little doom and gloom? Craig Moffett, an analyst with Sanford C. Bernstein & Co., said that if Tier 1 carriers miss their subscriber growth numbers as his firm expects, that they will resort to "aggressive price action," i.e. a price war. "This industry is collapsing," Moffett said in an interview with The New York Times. "The whole wireless business is grinding to a halt." Moffett noted that the fourth quarter was the lowest subscriber growth rate for the U.S. wireless industry ever. Article