T-Mobile Parent Mulling Bid for Sprint Nextel  

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• Sprint Loses 1M Customers, $505M in Q1

  May 12, 08 8:11 AM CDT
  Sprint Nextel continued to hemorrhage customers in the first quarter, losing more than 1 million subscribers and tallying losses of $505 million, more than double its losses in the same period last year, reports Bloomberg. Sales slipped nearly 8% to $9.33 billion. The carrier, rumored to be a takeover target of Deutsche Telekom, said it would likely sell assets. More »

• Sprint in Talks to Sell Struggling Nextel Unit

  May 6, 08 8:03 AM CDT
  Sprint is considering selling or spinning off its Nextel division, signaling the end of a troubled, disappointing merger, the Wall Street Journal reports. Talks are already under way with Nextel founder Morgan O'Brien, who would integrate the unit into his new wireless public-safety network, and other prospective buyers, including private-equity firms. More »

• Deutsche Telekom to Buy Greek Stake

  Mar 17, 08 1:03 PM CDT
  Deutsche Telekom plans to buy a 20% stake in Hellenic Telecommunications Organization (OTE) of Greece, for $3.92 billion. The deal is conditional on the German carrier getting management control, and the company will open talks immediately with the Greek government, the only larger shareholder. The OTE stake will let Europe’s biggest telephone company expand into Eastern Europe, reports the Wall Street Journal. More »

• Sprint Plans Major Asset Write-Off

  Feb 1, 08 12:27 PM CST
  Sprint Nextel says it may write off up to $31 billion related to the merger that created the combined company. The move comes just after a regime change at the company, which has struggled since the 2005 merger, and lost about 1 million customers last year. The write-off, accounting for most or all of the “goodwill” from the merger, will probably mean a big Q4 loss, reports the Washington Post. More »

• Analog Service Hanging Up on Customers

  Jan 21, 08 3:01 AM CST
  Phone customers still dialing up using old analog networks will be out of luck—and service—beginning Feb. 18 when the nation’s wireless companies shut down the outdated technology and switch to digital. Of the quarter-billion American cell phone users, the vast majority use digital networks, but some 1 million people still phone the old way, reports the Washington Post. More »