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Sprint Turns to Investors for $500 Million

Article Comments  17  

Aug 10, 2009, 3:30 PM   by Eric M. Zeman   @phonescooper

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.

more info at Sprint »
more info at InformationWeek »



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Subject Author Date
WHY????? movekwik2002 Aug 10, 2009, 4:18 PM
Yes Mr. CEO Drunk Aug 10, 2009, 5:23 PM
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