Featured Articles

Analysts expect ARM to do well next year

Analysts expect ARM to do well next year

British chip designer ARM could cash in on the mobile industry's rush to transition to 64-bit operating systems and hardware.

More...
Huawei and Xiaomi outpace Lenovo, LG in smartphone market

Huawei and Xiaomi outpace Lenovo, LG in smartphone market

Samsung has lost smartphone market share, ending the quarter on a low note and Xiaomi appears to be the big winner.

More...
Intel Broadwell 15W coming to CES

Intel Broadwell 15W coming to CES

It looks like Intel will be showing off its 14nm processors, codenames Broadwell, in a couple of weeks at CES 2015.

More...
Gainward GTX 980 Phantom reviewed

Gainward GTX 980 Phantom reviewed

Today we’ll be taking a closer look at the recently introduced Gainward GTX 980 4GB with the company’s trademark Phantom cooler.

More...
Zotac ZBOX Sphere OI520 barebones vs Sphere Plus review

Zotac ZBOX Sphere OI520 barebones vs Sphere Plus review

Zotac has been in the nettop and mini-PC space for more than four years now and it has managed to carve…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Monday, 11 August 2008 07:07

Sprint-Nextel to spin off wireless network?

Written by David Stellmack

Image

iDen on the auction block

Sprint-Nextel Corporation is said to be contemplating selling off the iDen network, the Nextel wireless network it purchased in 2005. However, it may have difficulty selling it, as its value has dropped to about $5 billion, a nearly 80 percent decline.

The iDen network is used by public safety and construction workers and Sprint has had difficulty integrating it with its own services. Now that it has been integrated, however, it would likely be difficult for any purchaser to reverse the integration that has been completed with Sprint-Nextel, which includes a walkie-talkie feature, billing, broadcast towers and customer service. Sprint paid nearly $35 billion for Nextel Communications three years ago, and has lost millions of customers and revenue since then.

Sprint is currently under considerable pressure from the FCC to give up a key portion of its iDen wireless airwaves for a national emergency communications networks. Rumors have been circulating that NII Holdings Inc., a Latin American service provider that uses iDen’s technology, might be interested in acquiring the iDen network.

Sprint has been losing money in a large way and analysts were predicting that Sprint would shed whatever businesses it could sell. Sprint ended its second quarter with $23 billion in debt, and cash and marketable securities of $3.5 billion. In Sprint’s fourth quarter, Sprint took a $29.7 billion write-off for most of the value of Nextel.

Last modified on Monday, 11 August 2008 07:38
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments