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Sprint Nextel gets downgraded as Deutsche Telekom deal becomes more unlikely

Sprint Nextel Corp. (NYSE: S) was just rumored to be under the takeover auspices of European telecom giant Deutsche Telekom. DT has been rumored to be looking strongly at Sprint Nextel to bolster its T-Mobile USA brand in the U.S. But now, that deal appears unlikely according to Thomas Weisel analyst James Breen.

Continue reading Sprint Nextel gets downgraded as Deutsche Telekom deal becomes more unlikely

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