Latest in Nextel

Image credit:

Sprint "seriously considering" spinning off Nextel

Darren Murph
05.05.08
Share
Tweet
Share
Save

Sponsored Links


We'd take this with half a tablespoon of salt for now, but The Wall Street Journal is reporting that Sprint-Nextel Corp. is "seriously considering spinning off or selling its ailing Nextel unit." That's according to undisclosed people "familiar with the situation," though Sprint did decline to comment on whether it actually was considering a sale of Nextel. Also of note, Cyren Call is reportedly attempting to "assemble a consortium of investors to acquire Nextel as part of its plans to create a nationwide wireless network for public safety communications," and while it can't be confirmed, we are hearing that Sprint is "contemplating other possible buyers such as private equity firms." Still, these same sources made clear that "no deal was imminent and that Sprint was preoccupied for the moment with other matters." It's no secret that the firm would be way more attractive to suitors (read: Deutsche Telekom) if the flagging Nextel division was detached from the deal, but we guess we'll have to wait and see how it all plays out. [Warning: read link requires subscription]

[Thanks to everyone who sent this in, image courtesy of Flickr]

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Share
Tweet
Share
Save

Popular on Engadget

Engadget's Guide to Privacy

Engadget's Guide to Privacy

View
Disney+ public pre-orders are open, but without deep bundle discounts

Disney+ public pre-orders are open, but without deep bundle discounts

View
Facebook's Libra currency will get half its backing from the US dollar

Facebook's Libra currency will get half its backing from the US dollar

View
AMD delays 16-core Ryzen 9 CPU to November

AMD delays 16-core Ryzen 9 CPU to November

View
Erica's modular synth helps you make music with preset cards

Erica's modular synth helps you make music with preset cards

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr