Sprint Credit Rating Cut to Junk

And I so wanted to go back to Sprint from AT&T.

[snipped from bloomberg.com ]

Sprint Credit Rating Cut to Junk at Standard & Poor's

May 1 (Bloomberg) -- Sprint Nextel Corp., the U.S. wireless company
that lost more than a million contract customers last year, had its
credit rating cut to junk by Standard & Poor's.

The carrier's corporate credit and senior unsecured debt ratings were
lowered two levels to BB from BBB- because of its deteriorating
operating performance, S&P said today in a statement.

http://www.bloomberg.com/apps/news?p...fer=technology
http://tinyurl.com/66jaw7

DTC wrote:
> And I so wanted to go back to Sprint from AT&T.
>
> [snipped from bloomberg.com ]
>
> Sprint Credit Rating Cut to Junk at Standard & Poor's
>
> May 1 (Bloomberg) -- Sprint Nextel Corp., the U.S. wireless company
> that lost more than a million contract customers last year, had its
> credit rating cut to junk by Standard & Poor's.
>
> The carrier's corporate credit and senior unsecured debt ratings were
> lowered two levels to BB from BBB- because of its deteriorating
> operating performance, S&P said today in a statement.

There's apparently a deal in the works between Sprint, Comcast, Intel,
Google, and Clearwire, to revive the whole WiMax thing.

Perhaps Sprint will be acquired by one of these companies as part of
this deal.

SMS <scharf.steven@geemail.com> wrote in news:9nLSj.1878$3O7.22
@newssvr19.news.prodigy.net:

> DTC wrote:
>> And I so wanted to go back to Sprint from AT&T.
>>
>> [snipped from bloomberg.com ]
>>
>> Sprint Credit Rating Cut to Junk at Standard & Poor's
>>
>> May 1 (Bloomberg) -- Sprint Nextel Corp., the U.S. wireless company
>> that lost more than a million contract customers last year, had its
>> credit rating cut to junk by Standard & Poor's.
>>
>> The carrier's corporate credit and senior unsecured debt ratings were
>> lowered two levels to BB from BBB- because of its deteriorating
>> operating performance, S&P said today in a statement.
>
> There's apparently a deal in the works between Sprint, Comcast, Intel,
> Google, and Clearwire, to revive the whole WiMax thing.
>
> Perhaps Sprint will be acquired by one of these companies as part of
> this deal.
>

Add NOKIA, one of the worlds largest telecom companies, to your
list.....You musta forgot...(c;

SMS wrote:
> revive the whole WiMax thing.

Goes to show, the more times you run over a dead cat in
the road, the flatter it gets.

In article <9nLSj.1878$3O7.22@newssvr19.news.prodigy.net>, SMS
<scharf.steven@geemail.com> wrote:

> There's apparently a deal in the works between Sprint, Comcast, Intel,
> Google, and Clearwire, to revive the whole WiMax thing.
>
> Perhaps Sprint will be acquired by one of these companies as part of
> this deal.

The rumor of the day is that T-Mobile is contemplating acquiring Sprint.

--
Charles

Charles wrote:
> The rumor of the day is that T-Mobile is contemplating acquiring Sprint.

Sprint = CDMA
Nextel = iDen
CDMA + Iden = horrible mess

Tmobile = GSM
Sprint = CDMA
GSM + CDMA = same horrible mess

Charles <fort@his.com.remove.invalid> wrote:

>In article <9nLSj.1878$3O7.22@newssvr19.news.prodigy.net>, SMS
><scharf.steven@geemail.com> wrote:
>
>> There's apparently a deal in the works between Sprint, Comcast, Intel,
>> Google, and Clearwire, to revive the whole WiMax thing.
>>
>> Perhaps Sprint will be acquired by one of these companies as part of
>> this deal.
>
>The rumor of the day is that T-Mobile is contemplating acquiring Sprint.

Not a rumor - report in today's (05/05/08) Wall Street Journal that
T-Mobile's parent company is looking to acquire Sprint.

Here's a link to the online version of the story:

http://online.wsj.com/article/SB1209...l?mod=djemTECH

Actually I can see some benefits for T-Mobile - for one, a decent data
network (their present data network is a BAD joke).

Regards,
Bill Bowen
Sacramento, CA

On Mon, 05 May 2008 12:27:10 -0700, William H. Bowen
<wh_bowen@sbcglobal.net> wrote:


>Not a rumor - report in today's (05/05/08) Wall Street Journal that
>T-Mobile's parent company is looking to acquire Sprint.
>
>Here's a link to the online version of the story:
>
>http://online.wsj.com/article/SB1209...l?mod=djemTECH
>
>Actually I can see some benefits for T-Mobile - for one, a decent data
>network (their present data network is a BAD joke).

But today they announced they're rolling out a 3G network,
beginning in NYC.


http://www.dslreports.com/shownews/T...Official-94159

DGI

On May 1, 11:26 pm, DTC <m...@nothingtoseehere.zzx> wrote:
> And I so wanted to go back to Sprint from AT&T.
>
> [snipped from bloomberg.com ]
>
> Sprint Credit Rating Cut to Junk at Standard & Poor's
>
> May 1 (Bloomberg) -- Sprint Nextel Corp., the U.S. wireless company
> that lost more than a million contract customers last year, had its
> credit rating cut to junk by Standard & Poor's.
>
> The carrier's corporate credit and senior unsecured debt ratings were
> lowered two levels to BB from BBB- because of its deteriorating
> operating performance, S&P said today in a statement.
>
> http://www.bloomberg.com/apps/news?p...url.com/66jaw7

When the CEO has to beg in TV ads, the downward spiral has commenced.
Send Xmas greetings to Dan@McDonalds.com

jgrove24@hotmail.com wrote:

> On May 1, 11:26 pm, DTC <m...@nothingtoseehere.zzx> wrote:
>> And I so wanted to go back to Sprint from AT&T.
>>
>> [snipped from bloomberg.com ]
>>
>> Sprint Credit Rating Cut to Junk at Standard & Poor's
>>
>> May 1 (Bloomberg) -- Sprint Nextel Corp., the U.S. wireless company
>> that lost more than a million contract customers last year, had its
>> credit rating cut to junk by Standard & Poor's.
>>
>> The carrier's corporate credit and senior unsecured debt ratings were
>> lowered two levels to BB from BBB- because of its deteriorating
>> operating performance, S&P said today in a statement.
>>
>> http://www.bloomberg.com/apps/news?p...url.com/66jaw7
>
> When the CEO has to beg in TV ads, the downward spiral has commenced.

I wonder if Lee Iacocca, Jack Welch, Frank Perdue, Jim Perdue, Dave
Thomas, Jeff Bezos, Jay Bush, Bill Gates, Roger Enrico, Lou Gerstner, or
Michael Eisner, among others, would agree with you... :-)

--
Dutch