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After Sprint Nextel Corp. (NYSE: S) announced recently it would cease the buildout of its national 4G wireless network that was being constructed with WiMAX technology, many industry pundits wondered where that part of Sprint's business would end up.

After all, the wireless carrier has lost hundreds of thousands of customer in the last four quarters, has booted its CEO amid falling revenues and profits and seems to have lost focus of its core operation -- providing wireless service on its national network (not building a new one with billions of dollars).

Sprint has already dumped quite a bit of cash into the now-on-the-sideline WiMAX end of its business, and several rumors have surfaced on what the company planned to do with it now that it's returning its focus to restoring revenue and profit to its struggling wireless voice business. What to do? How about spin off the WiMAX end into another separate company?

Continue reading Sprint to spin off its WiMAX business?

Sprint to spin off its WiMAX business? originally appeared on BloggingStocks on Thu, 06 Dec 2007 13:22:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>paul salehPaulSalehSSprint NextelSprint WiMAXSprint WiMAX spinoffSprintNextelSprintWimaxSprintWimaxSpinoffWiMAXThu, 06 Dec 2007 13:22:00 EST