As Nextel continues to hemorrhage customers, Sprint is still trying to push it (and the accumulated debts) on someone else. According to the WSJ, they’ve received a handful of inquiries as of late. Amongst those said to be interested are Latin American iDEN carrier NII, and private equity firm Cerberus Capital Management.
Just three years ago, Sprint snapped up Nextel for $35 billion. Now a couple million subscribers lighter and billions of dollars in debt, one would imagine that it’d go for considerably less this time around.
This is long over due. The Sprint Nextel merger made no sense at the time. It has only taken billions of dollars lost, millions of subscribers jumping ship and two companies tarnished for upper management to realize this.