Sprint reportedly eyes spinning off Nextel
It closed its buyout of Nextel less than three years ago
May 5, 2008 12:00 PM ETIDG News Service - Sprint Nextel Corp. is looking at selling or spinning off its Nextel unit, after acquiring it less than three years ago, according to a news report.
Sprint, which closed its merger with Nextel in August 2005, is looking at several options, according to a report in The Wall Street Journal. Cyren Call, a company founded by Nextel founder Morgan O'Brien, is looking for investors to acquire Nextel as part of its efforts to provide a wireless network for public safety agencies, such as police and fire departments, the Journal said.
In recent months, Cyren Call has served as an adviser to the Public Safety Spectrum Trust, a nonprofit group of public safety agencies that was awarded 10 MHz of wireless spectrum in the 700-MHz band by the U.S. Federal Communications Commission.
Spokespeople for Sprint and Cyren Call weren't immediately available for comment.
The $35 billion merger deal that closed in 2005 created a company with about 44 million mobile subscribers. But Sprint Nextel has posted lackluster financial results, and there has been speculation that Deutsche Telekom or some other company might be interested in buying Sprint.
Sprint in February reported net revenue of $9.8 billion for the fourth quarter of 2007, down from $10.4 billion in the fourth quarter of 2006. The company's net loss for the quarter was $29.5 billion, compared with a net income of $261 million a year earlier.
The company is scheduled to report its first-quarter 2008 numbers May 12.
Reprinted with permission from
Story copyright 2009 International Data Group. All rights reserved.
Sprint Nextel
Additional Resources



Learn the important issues you must consider before starting your next mobility initiative. Get your mobility white paper from IDC now, compliments of Sybase.
White Papers & Webcasts
Death to PST Files
Download Now
Business Process Framework Demo
Learn about Configurable Business Processes and Calculated Fields. Watch Now!
A Green Architectural Strategy That Puts IT in the Black
Levergage green computing across your data center. Read more now.
Manager Experience Demo
Go beyond self-service solutions to perform more effectively. Watch Now.
Quantifying the Business Value of VMware View
Learn why you should invest in a centralized virtual desktop.
WAN Optimization as a Managed Service: More than Network Cost Savings
View this Webcast Now!
Forrester Consulting Mobility Study: Taking Control of Enterprise Mobile Device Diversity
Download Now
Asia-Pacific Enterprise Network Solutions
Learn through this Webcast how your business can achieve reliability, performance and value in hard-to-reach locations within the Asia-Pacific region.
What IT Must Do to Support Employee-Owned BlackBerry, iPhone and Android Mobile Devices
Download Now
Mainsoft Webcast w/ Forrester Research: Drive SharePoint Adoption in Lotus Notes Shops
How can you drive mainstream user adoption of Microsoft SharePoint when your users rely on Lotus Notes?
Computerworld Reports
Disaster Recovery & Cost Savings Zone
Thousands of customers world-wide have turned to virtualization solutions from Riverbed as a way to reduce costs.

