ADVFN - Advanced Financial Network.
HOME» NYSE » S » S Stock Price » S Stock News

Sprint Nextel Share News

 Sprint Nextel Corp Stock Price
S Stock Price
 Sprint Nextel Corp Stock Chart
S Stock Chart
 Sprint Nextel Corp Stock News
S Stock News
 Sprint Nextel Corp Company Information
S Company Information
 Sprint Nextel Corp Stock Trades
S Stock Trades

Sprint Nextel Enters $1 Billion Credit Facility For Equipment Financing

DOW JONES NEWSWIRES Sprint Nextel (S) said it entered a new $1 billion credit facility with Deutsche Bank AG (DB) and other lenders to fund equipment purchases from Ericsson (ERIC) as the telecommunications company continues efforts to build out its 4G LTE services. The Overland Park, Kan.-based carrier has been racing to catch up to larger rivals Verizon Wireless and AT&T Inc. (T) in building out the faster network known as 4G LTE. Sprint Nextel also said it plans to redeem part of its $1 billion in Nextel Communications notes that come due in the fourth quarter of next year. The company anticipates the remaining balance of the notes will be $473 million. Sprint Nextel in April reported a wider first-quarter loss, due in part to a charge from the planned shutdown of the Nextel platform, as subscriber additions helped increase the wireless carrier's revenue more than expected. Sprint shares were up 1.2% at $2.65 in recent trading. -By Tess Stynes, Dow Jones Newswires; 212-416-2481; Tess.Stynes@dowjones.com

Stock News for Sprint Nextel (S)
DateTimeHeadline
02/27/201518:27:25Ditching Your Smartphone Bill and Going Wi-Fi Only
02/27/201514:52:11Sprint CEO Marcelo Claure Buys 5 Million Shares
02/25/201511:59:48RadioShack Name Going Up for Auction With $20 Million Opening...

Sprint Nextel and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad