Sprint Plans Big Write-Off Of Assets
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Sprint Nextel said yesterday that it may write off as much as $31 billion related to its 2005 merger with Nextel Communications.
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Sprint Nextel is looking for new ways to fund its WiMax network, according to the Wall Street Journal. Apparently, Sprint investors are concerned about the network's $3bn expense.
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MCI said it planned to take a $3.5 billion charge in the third quarter to better reflect the loss in value of its phone and data networks, mirroring similar steps by AT&T and Sprint.
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Cellular phone tower operator Global Signal Inc. will pay &#36;1.2 billion cash for the right to operate or lease more than 6,600 towers owned by Sprint Corp. for 32 years, the companies announced Monday.
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Sprint Corp. on Tuesday said its third-quarter loss widened because of a previously disclosed asset impairment, but the company reported growth in wireless services and said it benefited from cash contributions from local and long distance services.
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The two companies join forces to beat out the competition. Also:  Sprint to debut services to help companies manage cell phones issued to employees & hellip;. Netflix skating on thin ice.... and more.
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Sprint Nextel Corp , the third  largest U.S. mobile service, said on Thursday Chief Financial  Officer Paul Saleh and two other top executives would leave the  company in a new management shake-up.
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WASHINGTON (CBS.MW) - Sprint Corp. said Friday it will cut up to 700 jobs, write down the value of its traditional phone network and spend less money marketing standalone long-distance service.
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Sprint Nextel Corp , the No. 3 U.S. mobile service, plans to lay off several thousand of its 60,000 employees, the Wall Street Journal reported on Monday.
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Sprint Nextel is laying off about 4000 employees and closing retail outlets after losing more than 100,000 customers in the last quarter.
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Sprint, the third largest US mobile phone network operator, has announced details of its plan to spend $3bn over the next three years to upgrade its network infrastructure and roll out third-generation services.
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Vodafone reports a Â£14.9bn loss - a record for a UK firm - after writing down the value of assets.
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NEW YORK - Sprint Corp. said on Tuesday it would spend $US3 billion ($NZ4.2 billion) over the next three years to upgrade its mobile network including the development of high-speed Internet services.
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Sprint Nextel Corp  said on Thursday it will take a material goodwill impairment charge representing a substantial portion, and potentially all, of the $31 billion goodwill on its balance sheet.
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WASHINGTON  - US mobile telephone groups Sprint and Nextel are engaged in merger talks which could create the third-biggest US mobile operator worth some 30 billion dollars, according to reports.
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America&#39;s third-largest mobile operator, Sprint, yesterday agreed to buy the fifth-largest, Nextel, in a well-flagged cash and shares deal worth $36.3billion (Â£19billion).
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Today probably comes as little surprise to anyone. Sprint (NYSE: FON) will purchase Nextel (Nasdaq: NXTL) for $35 billion, resulting in a company that will be called -- you guessed it -- Sprint Nextel.