Outlining the next step in its corporate makeover, Sprint Nextel Corp. filed a registration statement to spin off its wireline unit on Monday. The new company will have 7.4 million subscribers, and could be valued in the $16 billion to $19 billion range, judging by comparable telecoms.

The former Sprint Corp. and Nextel Communications Inc. announced their intention to spin of the wireline business when Sprint unveiled its plan to buy Nextel for $35 billion in mid-December, 2004. The deal closed last year.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]