Merrill Lynch analysts suggest that because of a strong euro and looming price wars, Deutsche Telekom might make a bid for beleaguered Sprint and add it to its T-Mobile USA unit. In theory it may seems like a wonderful idea. In reality, if this deal happens, then it is going to be worse than [...]
Posts Tagged ‘Sprint’
Sprint Writes Down Nextel, Posts $29.5 Billion Loss
, Thursday, February 28, 2008 at 7:26 AM PT Comments (12)
If you thought eBay taking a hefty writedown for its mistake — I mean Skype was shocking — then Sprint’s Nextel deal writedown is going to leave you awed. Sprint Nextel reported a $29.5 billion loss, scratched its dividend and lost 683,000 customers. The company wrote down $29.7 billion of the $36 billion it paid [...]
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