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Sprint Seriously Considering Sale of Nextel
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Sprint is said to be in the process of evaluating whether or not it should sell or spin-off its stake in Nextel. Sprint purchased Nextel for $35 billion in December 2004 and has had difficulties in merging the iDEN network with its own CDMA network. Morgan O'Brien, founder of Nextel and Cyren Call, is now seeking partners to buy the Nextel network from Sprint and use it, in part, to help build a nationwide public safety network.
more info at The Wall Street Journal »
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