Financial Times FT.com

Sprint receives interest in iDen

By Paul Taylor in New York

Published: October 9 2008 02:20 | Last updated: October 9 2008 02:20

Dan Hesse, Sprint Nextel’s chief executive, confirmed on Wednesday that the struggling US mobile network operator had received “significant interest” from potential acquirers of its Nextel iDen unit, but also cast doubt on the prospects for any deal that would require the purchaser to raise additional capital.

Sprint, the third largest US mobile network operator, paid $36bn for Nextel Communications and its iDen ‘push-to-talk’ network in 2005 but has struggled since then to integrate the Nextel operations.

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