Go figure. CNBC says SK Telecom is in talks to purchase Sprint Nextel; obviously SK Telecom does not read my “Who’s on Crack” column where I’ve made fun of Sprint a couple of times.
SK Telecom recently dumped Helio on Virgin Mobile at a loss and is probably thinking, “what do I do with all these dollars?” You sure don’t change them back into euros. SK made an offer last November that was rejected by Sprint. CNBC cites sources that say SK is looking for a friendly deal and they won’t be going it alone, they’d secure help from funds with the purchase.
Our own Elizabeth Young noted just last week how well Sprint seemed to be doing, maybe SK reads her stuff…
More as it happens.
Read [Barrons]
Just another merger in the telecom industry would be seen.. http://blabtech.blogspot.com