Sprint in M&A play, shares surge |
| Reuters - May 6, 2008 |
Reports of a possible sale of Sprint Nextel Corp (S.N: Quote, Profile, Research) to Deutsche Telekom AG (DTEGn.DE: Quote, Profile, Research) or a Nextel unit spinoff raised hopes of a reprieve for the embattled mobile operator, lifting its shares 10 percent.
But analysts said such deals would be difficult. A Deutsche Telekom deal would require integrating incompatible networks and face a tough antitrust review and a Nextel spinoff would also mean an overhaul of billing and retail operations.
A source close to Deutsche Telekom told Reuters on Monday that the company had been looking at Sprint since it announced a huge write-off in February. German magazine Der Spiegel had also said Deutsche Telekom was eyeing a takeover or merger.
Read Full Article from Reuters
- Posted: 2008-05-06 08:35:57
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