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The current trend among wireless carriers, especially at AT&T and Verizon, is toward family plans, which not only bring in more customers, but help companies retain those customers by potentially making it harder for an individual customer in a group plan to switch to a different carrier, Prospero noted.
On Thursday, reports said Sprint agreed to pay about $32 billion to acquire T-Mobile.
Read More T-Mobile and Sprint zeroing in on a $32 billion merger
As a combined entity, the two carriers would have about 100 million subscribers, about as many as Verizon and AT&T have each, according to Prospero.
The possible Sprint and T-Mobile deal is just one of the megamergers the FCC is considering this year. Cable provider Comcast has agreed to pay $45.2 billion to acquire Time Warner Cable and AT&T has struck a deal to buy DirecTV for $48.5 billion.
In general, industry consolidation leads to concerns that less competition in the marketplace could lead to higher prices for consumers across the board, Prospero noted.
—By CNBC's Althea Chang.
Disclosure: Comcast is the owner of NBCUniversal, the parent company of CNBC and CNBC.com.