CNBC: Sprint in "Not Informal" Talks to Sell Nextel
Hard to know what to get excited about regarding David Faber’s report on CNBC this morning alleging that Sprint Nextel (S) is in talks with various parties that are “not informal”–in Faber’s words–to sell its struggling Nextel unit. Faber says private equity funds (remember them?) “aligned with telecom” are among interested parties, as is the Nextel International affiliate, better known as NII Holdings (NIHD).