Dan Hesse, Sprint Nextel's CEO, said the company is focused on fixing the Nextel part of the partnership, and said despite the lag it has put on business, the Nextel unit is not something Sprint necessarily has to sell.
Hesse was speaking Thursday at a conference hosted by Goldman Sachs, and said the company's top priority right now is to reinvigorate Nextel, but he also spoke about paying down the company's debt. A sale of the Nextel unit would go a long way toward doing that, though Sprint is not likely to get anything near the $38 billion they forked over for it in 2005.
Since Sprint bought Nextel and its iDEN network the company has struggled to integrate it and has fallen behind AT&T Mobility and Verizon Wireless in market share.
For more:
- see this article [1]
[1]Related Articles:
Sprint [2] wireline strong amid other woes
Hesse [3] talks about why he left Embarq for Sprint
Links:
[1] http://sprintconnection.kansascity.com/?q=node/800
[2] http://www.fiercetelecom.com/story/sprint-wireline-strong-amid-other-woes/2008-08-07
[3] http://www.fiercetelecom.com/story/hesse-talks-about-why-he-left-embarq-sprint/2008-08-14