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Sprint looks to combine long distance business with Level 3

Sprint Nextel Corp. (NYSE: S) first spun off its landline telephone business with the company Embarq years ago, and it will now be joining up with Level 3 Communications, Inc. (NASDAQ: LVLT) to take on the two larger competitors in the long-distance arena. This would pit a joint Sprint-L3 venture in the race with perennial long distance champs AT&T, Inc. (NYSE: T) and Verizon Communications Inc. (NYSE: VZ).

Continue reading Sprint looks to combine long distance business with Level 3

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S&P 500-19.821,090.81

Last updated: November 27, 2009: 10:13 AM

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