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Sprint Gets Interest in iDen Unit: Report

Sprint's CEO said there has been considerable interest in iDen, but a sale wasn't the company's only option, according to a report.
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Sprint Nextel

(S)

said it received "significant interest" from potential acquirers of its Nextel iDen unit, according to a report.

Sprint paid $36 billion for Nextel and its iDen "push-to-talk" network in 2005 but has struggled since then to integrate the Nextel operations, the

Financial Times

reports.

There has been speculation recently that Nextel might be sold to a consortium including private equity firms for about $5 billion. Most analysts have suggested, however, that such a deal was unlikely in the current credit environment, the

Financial Times

reports.

Sprint CEO Dan Hesse on Wednesday acknowledged that while there has been considerable interest in iDen, a sale was not the company's only option. He did say that any deal requiring a suitor to raise capital would be difficult under current market conditions, according to the newspaper.

Hesse said he remained optimistic about closing a separate deal with

Clearwire

(CLWR)

in which the companies plan to fold their WiMax operations into a new company.

This article was written by a staff member of TheStreet.com.