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
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
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
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.