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 Send to email | CNBC: SK Telecom Eyeing Sprint Nextel, Again (S) in SSKMCLWRDT |  By Silicon
el 15-Jul-2008 |
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 Another potential suitor for troubled No. 3 wireless carrier Sprint Nextel? Maybe: CNBC's David Faber reports that Korean wireless giant SK Telecom is in talks to buy the company.
But a Reuters source throws cold water on the deal: "There are no acquisition talks going on right now between SK Telecom and Sprint. Any discussions that are going on are around technology collaboration."
SK Telecom (SKM) has already made at least one pass for Sprint: Last November, Sprint reportedly turned down a $5 billion investment offer from SK and Providence Equity Partners, which would have installed former Sprint (S) chairman Tim Donahue as CEO. Faber:
SK Telecom, which is smaller than Sprint, would be joined in any deal by private equity firms that would contribute cash towards the purchase, sources told CNBC.
A deal is not imminent and while the talks are on-going, participants caution that any agreement would at best be weeks away. The board of Sprint, which has been struggling with significant subscriber losses, is divided about whether to sell the company as some of them hold a belief that a turnaround for the company may not be far off, according to people briefed on its position.
Any deal with SK Telecom would have to be friendly. The Koreans have no plans to pursue Sprint should it not wish to be acquired. The talks have not reached a crucial phase, and specific negotiation on price has yet to take place, but they have heated up in recent days.
SK joins T-Mobile parent Deutsche Telekom (DT) as companies recently linked to Sprint. But the DT deal would have significant hurdles, like getting Sprint's network and T-Mobile's network, which use different wireless technologies, to interoperate. SK and Sprint already use the same technology.
The big question: Has Sprint hit bottom? Customers have left the carrier in droves, and analysts expect revenues to decline this year and next. On the brighter side: Sprint's new smartphone, the Samsung Instinct, is supposedly selling well. And the company is taking a big weight off its shoulders by spinning off its next-gen WiMax wireless unit into a JV with Clearwire (CLWR).
See Also:
New Sprint Treo Good News For Palm's Margins, But Who's Gonna Buy It?
Sprint's iPhone Knockoff Samsung Instinct Selling Well -- Really
Clearwire: 1.3 Million WiMax Subscribers Next Year, 31 Million In 2017
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 | Nerdblog |  Blogger | Provides news about hardware, software, notebooks, laptops, PCs, Mac, PDAs
Nerdblog.Net |
| Nerdblog | Blogger | Provides news about hardware, software, notebooks, laptops, PCs, Mac, PDAs
Nerdblog.Net |
| Qwest Dumps Sprint Nextel For Verizon Wireless | | More bad news for beaten-up Sprint Nextel (S), though we've heard rumors about this for a while: Qwest Communications (Q) is formally ditching long-time partner Sprint as its wireless service partner for larger rival Verizon Wireless, a joint venture of Verizon (VZ) and Vodafone (VOD).
Qwest customers will have access to all of Verizon's phones, including RIM (RIMM) BlackBerry smartphone [..] Read complete article | | Published 06-May-2008 by Silicon in SVZDTVRIMMVODQ
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| Nerdblog | Blogger | Provides news about hardware, software, notebooks, laptops, PCs, Mac, PDAs
Nerdblog.Net |
| Sprint's WiMax Delays Will Make The '4G' Format War Worth Watching | | When will Sprint Nextel's (S) WiMax network get off the ground? Anyone's guess now: The launch has been postponed (again) from this month to "later this year" to work out logistics, a Sprint rep tells TheStreet.com.
What does this mean? With every delay, Sprint is losing some of its early advantage against rivals AT&T (T) and Verizon Wireless, which won't launch rival "4G," or "fourth ge [..] Read complete article | | Published 03-Apr-2008 by Silicon in ST
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