Sprint considering selling Nextel, teaming up with others for WiMAX?
According to a story in The Wall Street Journal Sprint is considering either spinning off or selling Nextel, “a dramatic acknowledgement that Sprint’s $35 billion acquisition of Nextel Communications in 2005 has been a failure.”
According to the story’s anonymous sources, users of Nextel’s iDEN phones have dropped substantially since the company was acquired by Spring in 2005 and internal predictions show that number dropping even further by 2010, from 13.2 million to around 5 million.
If this does happen it could make Sprint a more attractive acquisition target to Deutsche Telekom, parent of T-Mobile.
Also in WSJ’s story is a bit about WiMAX and a possible coming together of Clearwire, Google and Intel to help build up Sprint’s Xohm WiMAX service.