Sprint Continues To Snatch Up Affiliates
Wasn't Sprint in financial trouble not long ago?
Either it was a lie, or they really turned it around.
Here's hoping they planned on the contingency of having to spend lots of cash buying up all these companies...
BegToDiffer said:
Yes, I suppose that reading the article would actually help, but I was being lazy...
Here's hoping they planned on the contingency of having to spend lots of cash buying up all these companies...
Fortune 500 companies don't throw around this kind of cash willy-nilly. Sprint knows what it's doing.
hope that helps 🙂
they have many deals.. such as the big one the cable deal..
they will be fine.
sprint only had to pay $2.5 billion dollars in cash, the rest was all in stock, which doesnt hurt their balance sheet or anything..
the purchases of the affiliates are mostly all in cash, but they will be borrowing the money with the banks. they also are spinning off their local which lets $7 billion off their books, legally. in addition, they are creating $10 billion plus in synergies with the merger as well as as more synergies with the buying of affiliates.
so everything will pay out in the end.. especially with the cash that they are generating.
evilbstrd666 said:
A few years back I heard rumors that Sprint wasn't doing so well....any grounds for this?
Either it was a lie, or they really turned it around.
Sprint accrued quite a bit of debt securing the massive amount of 1900mhz spectrum it needed before the company started up in the mid nineties. Building a network from the ground up as a means of using that spectrum certainly didn't help. But it's all paid off: 1900mhz spectrum has proven to be THE resource to have in the battle to be number one. In addition to this, they've also got tons of lucrative 2.5mhz spectrum just waiting to be utilized...and they picked the perfect business partner as well...Nextel has the other half of said 2.5mhz sp...
(continues)
they will be fine.
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