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Sprint May Scoop Up Half of RadioShack's Stores

Feb 2, 2015, 1:55 PM by Eric M. Zeman

RadioShack and its creditors might sell half the company's stores to Sprint and close the remaining locations, reports Bloomberg. Sources familiar with the companies' plans suggest Sprint would rebrand the RadioShack stores, which would cease to exist as stand-alone electronics stores. Bloomberg's sources said, however, that the deal is not final and may change. Further, a third party may make a bid for the ailing electronics company. RadioShack has been in bankruptcy for months and is seeking a way out of debt. Selling some stores, closing the rest, and selling off assets would help lenders recover some of the money they've lent RadioShack over the last year to keep it afloat. Neither Sprint nor RadioShack commented on Bloomberg's report.

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This forum is closed.

aeternavi

Feb 2, 2015, 4:10 PM

Not smart

Sprint needs to stop sinking money into things that won't help them. Two perfect examples were Nextel and Clearwire. They need to put money into their network to expand their own technology and stick with it. Unless they plan on changing technologies, their past of first with Iden and then Wimax, and the failed attempt of TMO (GSM) is doing nothing to help their tiny footprint of native CDMA.

rwalford79

Sprint should have done what every other CDMA carrier worldwide has done, and ditched EVDO and CDMA all together and moved to HSPA+. Australia, New Zealand, Canada, Brazil all have or are doing so, Japan, Korea all in the process of moving from CDMA d...
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Slammer

There's some truth to your comment. However, one issue Sprint created several years back, was closing stores that made convience now more of a hassle. There is a VZW and AT&T store on just about every corner. Yet, finding a T-Mobile or Sprint store is...
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rwalford79

Feb 2, 2015, 7:30 PM

More Worthless Investments

Just one more thing Sprint DOES NOT NEED or should invest in.

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