Printed from http://www.electronista.com

Sprint to sell iDEN network despite promises?

updated 12:45 pm EDT, Fri August 8, 2008

Sprint to sell iDEN net?

In spite of promises to the contrary earlier this year, Sprint is indeed looking to sell its iDEN push-to-talk network, according to CNBC. Although no sources have been cited by the TV network, Sprint is already said to be negotiating with NII Holdings for a deal, as well as with separate private equity investors. NII operates primarily in Latin American countries, and is one of the few companies outside of Sprint to rely on iDEN.

Sprint is said to be desperately in need of money, as it recently canceled a $3 billion convertible sale only a day after announcing it. The company has also continued to suffer mounting declines in business, having just recently announced a loss of 901,000 subscribers, on top of a full million who left during the winter. To cope, Sprint has undertaken measures like selling 3,300 cellular towers.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

JBL Synchros E40BT headphones

For all the different configurations of headphones on the market, it's always a tough choice for buyers to get something that is just ...

Razer Taipan mouse

The list of gaming devices is growing larger with each passing day. A large number of companies have entered the gaming input arena, a ...

Cambridge Audio DacMagic XS

Every computer with a microphone or headphone port has one -- a digital to analog converter (DAC). There are nearly as many chipsets a ...

Sponsor

toggle

Most Commented

 
toggle

Popular News