Thursday, June 11, 2009

Sprint Nextel to Divest iDEN Assets in Parts of Midwestern States

Sprint Nextel is seeking a buyer for certain of its Integrated Digital Enhanced Network (iDEN) assets in parts of several Midwestern states.

The sale of these assets will bring Sprint into compliance with an Illinois court ruling requiring the company to cease owning, operating or managing the Nextel National Network in markets primarily located in parts of Illinois, Iowa, Michigan and Nebraska. Sprint said the sale would have an minimal impact on its financial results.