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  • Could Sprint be Facing Bankruptcy?>

Could Sprint be Facing Bankruptcy?

Posted by user@GruDi2015 
· Tuesday, March 27th, 2012 

If you talk to Craig Moffett, an analyst with Sanford Bernstein, there’s a pretty good chance of it. In recent interview, he has said that the probability of Sprint filing for bankruptcy over the next few years is “a very legitimate risk.” His comments were accompanied by a downgrade from Sanfor Bernstein, due partially to a looming debt. Here’s how Moffett summarized his views: “The problem is 4G. Sprint doesn’t have enough free-and-clear spectrum on which to launch a competitive LTE network, and it doesn’t have the money to clear spectrum that’s already in use.” Moffett points out that Sprint’s commitment to Apple for taking on the iPhone is going to be very hard to meet, and quite possibly beyond the carrier’s resources. That could be the decisive factor in pushing Sprint over the edge.

View Moffett’s interview in the Washington Post article: http://wapo.st/SprintBankR.

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