Tuesday, May 6, 2008

$35 Billion Mistake?

Oops on that Nextel call...

Sprint Mulls Shedding Nextel Unit

Weighing Spinoff or Sale, Carrier Could Unwind 2005 Merger

By AMOL SHARMA and JOANN S. LUBLINMay 6, 2008; Page A1

Wireless provider Sprint Nextel Corp. is considering spinning off or selling its ailing Nextel unit, people familiar with the situation say. The move would be a dramatic acknowledgment that Sprint's $35 billion acquisition of Nextel Communications Inc. in 2005 has been a failure.