Sprint's Nextel nightmare lingers

Iria · Nov 14, 2008, 05:20 AM

Sprint continues to be haunted by its $35 billion acquisition of Nextel Communications in 2005 as the company is forced to divest some of its Nextel network and is still struggling to get its finances back on track.

On Wednesday, the Supreme Court of Illinois upheld a lower court's ruling that Sprint must stop owning, operating, and managing its Nextel iDEN network in Sprint affiliate iPCS's territory. But the court also extended the time line Sprint has for divesting itself from this market from 180 days to 360 days.
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Source: Wireless Blog (News.com)

Nov 14, 2008, 05:20 AM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 87	Sprint's Nextel nightmare lingers Sprint continues to be haunted by its $35 billion acquisition of Nextel Communications in 2005 as the company is forced to divest some of its Nextel network and is still struggling to get its finances back on track. On Wednesday, the Supreme Court of Illinois upheld a lower court's ruling that Sprint must stop owning, operating, and managing its Nextel iDEN network in Sprint affiliate iPCS's territory. But the court also extended the time line Sprint has for divesting itself from this market from 180 days to 360 days. ____________________ Source: Wireless Blog (News.com)