Nextel Deal in the Works

Sprint Nextel (S Quote) has received interest in its Nextel unit from Latin American carrier NII Holdings (NIHD Quote) and several private equity firms, according to a published report.

The Wall Street Journal, citing people familiar with the matter, said late Thursday that Sprint may have finally found an interested party for its Nextel unit, but that a variety of cost and debt-related factors were complicating the completion of a deal.

Private equity giant Cerberus Capital Management is said to be actively in the discussions with NII Holdings. A consortium including Providence Equity Partners and Madison Dearborn Partners was previously interested in the Nextel unit but may not be in the latest round of bidding. ...