Germany's Deutsche Telekom May Buy Sprint
May 5, 2008 11:11 AM | Sprint Nextel | Comments (0)
 Sprint, the number three US mobile provider, if purchased by Deutsche Telekom, would be allied to Deutsche Telekom's T-Mobile USA affiliate and would become a major rival for AT&T who is the US number one wireless provider. Sprint may be a good deal because of the weak dollar against the euro. Sprint’s 2007 losses were 30 billion dollars in exceptional costs relating to its acquisition of Nextel. As a result, Sprint suspended indefinitely dividend payments the end of February. |
Sprint also announced last January that it was cutting 4,000 jobs and closing 125 company-owned retail stores in anticipation of downward profits in the coming year.
