Sprint eyes sale of Nextel's iDen network
By Sinead Carew
Fri Aug 8, 1:57 PM ET
NEW YORK (Reuters) - Sprint Nextel Corp (S.N) is considering a sale of the Nextel wireless network it bought in 2005, but may have trouble finding a buyer for an asset whose value has plunged about 80 percent to an estimated $5 billion.
Sprint has struggled to integrate Nextel's iDen network, used by public safety and construction workers, with its own services and has lost millions of customers since paying about $35 billion for Nextel Communications three years ago.
Any buyer would find it tough to reverse the now-completed integration of the iDen business, including its billing, broadcast towers and customer service, analysts say.
"They spent the last few years try...
(continues)
Fri Aug 8, 1:57 PM ET
NEW YORK (Reuters) - Sprint Nextel Corp (S.N) is considering a sale of the Nextel wireless network it bought in 2005, but may have trouble finding a buyer for an asset whose value has plunged about 80 percent to an estimated $5 billion.
Sprint has struggled to integrate Nextel's iDen network, used by public safety and construction workers, with its own services and has lost millions of customers since paying about $35 billion for Nextel Communications three years ago.
Any buyer would find it tough to reverse the now-completed integration of the iDen business, including its billing, broadcast towers and customer service, analysts say.
"They spent the last few years try...
(continues)
...
