Chief executive of worldwide telecoms operator Global One has quit amid rumours that the company is on the brink of collapse.
Gary Forsee has resigned after less than 18 months in the job. The company said he has left for "personal reasons" and wanted to "pursue other career options".
The news follows months of speculation that Global One, a venture between Sprint, Deutsche Telekom and France Telecom, will soon disintegrate.
In a joint statement, the three firms confirmed they are, "exploring alternatives to the current three party venture structure," but they reiterated their, "commitment to providing world class global services to Global One's multinational customers."
In April, US newspapers reported that Sprint chairman, William Esrey, had written to shareholders warning a decision to end the alliance could come within six weeks. Analysts suggest that Esrey also gave the board 180 days to come up with a workable budget and strategy to turn the company around.
The company has been dogged by reports that it has been held back by the political and cultural differences of its parents, is too European focused and has been losing customers to independent data networking suppliers, such as Equant.
Analysts believe the latest set back may spur on the three operators to take drastic action, and one may emerge as the controlling party. Brownlee Thomas, analyst at Giga Information Group, believes Deutsche Telekom has the most aggressive global expansion plans of the three and is setting aside $30 billion to buy out France Telecom's share.
She said: "Deutsche Telekom has always followed BT's lead and it wants a global venture, now that BT is in an alliance with AT&T. France Telecom is only interested in Europe."
Michel Huet, currently executive vice president of corporate services, has been appointed chairman of an interim executive committee, which includes Fred Rucker, executive vice president of sales and marketing and Rex Stephenson, executive vice president of global operations.
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