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Embarq CEO Sees More Telecom M&A

Thursday, 31 May 2007 | 6:03 PM ET

The telecom industry is “relatively inefficient,” said Embarq Chief Executive Dan Hesse. he joined “Power Lunch” to talk about the future for his company and the sector.

Telecom Outlook
M&A has been fueling the telecom industry and the outlook continues to be strong. Daniel Hesse, Embarq, president & CEO, shares his insight with CNBC's Sue Herera.

Mergers and acquisitions have rocked the industry, and Embarq, a spinoff of Sprint Nextel, is set to become a “growth company organically in 2009.” Currently, the company shares are up some 50% from a year ago.

Hesse explained that the stock price is up due to better operating performance: “We’re slowing down the losses… and we’re doing that by focusing on innovation.”

And client retention is a top priority: “We’re slowing defection by focusing on customer service,” Hesse said. Embarq has 50 retail outlets and a “stronger online presence.”

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