Report: Sprint considers Nextel spin-off

Yesterday, the rumor mill claimed that T-Mobile USA parent company Deutsche Telekom was mulling a bid for Sprint Nextel. Now a report in the Wall Street Journal says Sprint is considering a plan to spin-off or sell its Nextel unit. The report, however, claims that no particular deal is forthcoming, the consideration comes during a strategic review process, which could mean the carrier is just reviewing its options. One of the options is selling the Nextel unit back to a group of investors organized by Nextel co-founder Morgan O'Brien, who now runs public safety company Cyren Call. Current valuations of Nextel put it at between $5 billion and $16 billion, far less than the $35 billion Sprint spent in 2005 to acquire it.

For more on the rumored spin-off:
- read this report from the WSJ (sub. req.)