Sprint Nextel to Divest iDEN Assets in Midwestern States

Sprint Nextel Corp. announced today its in the process of finding a buyer and divesting certain Integrated Digital Enhanced Network (iDEN) assets in parts of several Midwestern states. The sale of these assets will bring Sprint into compliance with an Illinois court ruling requiring the company to cease owning, operating or managing the Nextel National Network in markets primarily located in parts of Illinois, Iowa, Michigan and Nebraska. The divestiture of these iDEN assets will have a de minimis impact on Sprint’s financial results.

Sprint Nextel, working with its financial advisor, Citi, has prepared information on the assets to be divested for prospective buyers. Interested parties not already contacted by Sprint should send an expression of interest to Citi for more detail. The sale process, including any subsequent transaction, is expected to be fully completed in advance of the court-ordered deadline of Jan. 25, 2010. No assets associated with Sprint’s National Network (Code Division Multiple Access, CDMA) will be divested as part of this process.

Sprint Nextel customers in the geographical areas associated with this divestiture will continue to enjoy service provided on the Nextel National Network during the sale process and the company will work with any future provider to offer a seamless transition. The company does not anticipate any interruption or degradation of service during or following any transaction.


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Sprint Nextel to Divest iDEN Assets in Midwestern States

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