Sprint Turns to Investors for $500 Million
Today Sprint filed documents with the Securities and Exchange Commission in hopes to raise some $500 million in cash from investors. Sprint wants to offer senior unsecured notes that will mature in August 2017. Any raised funds would be used for general business expenses, as well as network expansion, debt services and acquisitions. Sprint recently announced it would acquire Virgin Mobile USA for $483 million. The company has taken a number of other steps in recent months to improve its financial footing, including outsourcing maintenance of its wireless network to Ericsson.
Why would they ask for $500 million after spending $483 million?????
If you cant afford to run your company then you should not buy another one!
If i cant afford to pay for my car loan i would not go buy another car!!!!!!
Yes Mr. CEO
http://www.phonescoop.com/forums/forum.php?fm=m&ff=5 ... »
read the latest on the new iPre phone