The wireless telecommunications sector continues to buzz and now you can add the possibility of a hot initial public offering to the wave of merger activity.
and its U.K.-based partner
are reportedly considering selling a stake in their U.S. wireless business through an IPO.
Virgin Mobile, which the two companies formed as a joint venture in 2001, is talking to investment banks about the idea, according to a report in
The Wall Street Journal
. The companies, however, have yet to green light the IPO and are only in the proposal stage.
Sprint shares closed Thursday at $24.51.