Featured Articles

5th Generation Broadwell 14nm family comes in three lines

5th Generation Broadwell 14nm family comes in three lines

Intel's 5th Core processor family, codenamed Broadwell, will launch in three lines for the mobile segment. We are talking about upcoming…

More...
Broadwell Chromebooks coming in late Q1 2015

Broadwell Chromebooks coming in late Q1 2015

Google's Chromebook OS should be updating automatically every six weeks, but Intel doesn't come close with its hardware refresh schedule.

More...
New round of Nexus phone rumour kicks off

New round of Nexus phone rumour kicks off

Rumours involving upcoming Nexus devices are nothing uncommon, but this year there is a fair bit of confusion, especially on the…

More...
Nvidia officially launches the 8-inch Shield Tablet

Nvidia officially launches the 8-inch Shield Tablet

As expected and reported earlier, Nvidia has now officially announced its newest Shield device, the new 8-inch Shield Tablet. While the…

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

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