Rumor: Sprint to spin off Nextel
Rumors are swirling today over the future of Sprint. First off, Seeking Alpha is reporting that Sprint has hired Morgan Stanley for a possible spin-off of its Nextel brand. Sprint's ongoing troubles have been widely reported over the last few months and many analysts have named the 2006 merger between Sprint and Nextel as a key cause of the carrier's ongoing troubles. With that in mind, a spin-off of Nextel may be surprising, but it wouldn't be so shocking.
But that's not the only Sprint dish going around today. The Kansas City Star said that Merrill … Read more