Nothing has happened yet but Sprint is currently in talks to sell their iDen assets. Meanwhile Sprint has decided to cancel the sale of $3 Billion in preffered stock. Sprint may be very hard pressed to get anyone to buy their out-dated iDen assets. There are now faster, more reliable network technologies that can handle more capacity. Sprints iDen network is already over-loaded, and the former Nextel subscribers are leaving in droves. The purchase three years ago was valued at $35 billion, and it is said the current value of these assets has deeply depreciated to $5 Billion.
A letter to Keith Cowan, an executive in charge of strategy and development sheds a little bit of light on Sprints position on their iDen assets. In the letter, Cowan was offered a $1 Million bonus for the "strategic resolution of the iDen Network."
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