Sprint still considering the sale of its iDEN network

Sprint still considering the sale of its iDEN network
It's no surprise that Sprint is looking for a potential buyer for the iDEN network, however the company is keeping cool and fielding the best offers. During a keynote address at CTIA, Sprint CEO Dan Hesse shrugged off analyst concerns that the iDEN network was a tough sell, saying that the company was weighing its options. Sprint received the iDEN network as a result of its purchase of Nextel in 2005, but has faced continuing struggles to integrate the two networks.

Hesse reiterated the company's position at a Goldman Sachs conference: "We don't have to do this. If we get an offer that's compelling and delivering and all sorts of other things, we'll absolutely consider it. If we don't, we'll hold on to it. It's a valuable asset." Analysts interpreted the comment to mean that Sprint had received satisfactory offers. "If there were no bidders or if the prices of those bidders were too low, there would be no point in saying they were looking at options," Pali Capital analyst Walter Piecyk said.
Hesse continued to say there was little impact yet from the weaker U.S. economy, and continued to say that he was confident in the company's ability to close a deal involving high-speed wireless Internet service Clearwire Corp.

Source: Reuters



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