Sprint to dump Nextel?
The merger has been a mess since day one, resulting in nearly 10,000 layoffs, two ousted CEOs and a write-down of Nextel's value in February. Though Sprint management has professed a commitment to iDEN, at this point the network is little more than dead weight and even with the upcoming QChat devices Sprint probably wouldn't be able to shut it down until at least 2012. Furthermore, Sprint's commitment to WiMax means they would be managing three separate networks. What we've seen of new CEO Dan Hesse has impressed us up until now, and a selloff of Nextel would show that he is not afraid to right the wrongs of past management.
source: Wall Street Journal (subscription required)