Nextel Deal in the Works
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Craig Moffett, analyst with Sanford Bernstein, said that there is still an awful lot of uncertainty over a possible deal with NII Holdings and the private equity firms because it is not know whether Sprint is finding a buyer at an adequate price.
"It's all about the price," Moffett said. "The price needs to make sense for everybody. Sprint has to find a buyer willing to pay enough to preserve Sprint's liquidity. A buyer needs to find a price that's low enough to allow an acceptable return." Where will the Dow Jones Industrial Average stand at the end of 2008? Above 10,000 9000-10,000 8000-9000 7000-8000 Below 7000- Loading Comments...
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