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Issue:

Business

 

Written by:

Lisa B

 

Date added:

January 29, 2012

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 464

 

Was viewed:

2065 times

 

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Essay content:

Spinning off the local phone carrier portion of the business to shareholders and recapitalize the company in the process. The local phone business contributes $6.021 billion in revenues and $1.766 billion in earnings but its 7.7 million subscribers are scattered across 18 states. The company has proposed it as a company with long-term debt of $7...
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The company has proposed it as a company with long-term debt of $7.25 billion, according to Prudential Equity Group – or roughly half of the $15.9 billion on the current balance sheet. This prompted CIBC World Markets analysts to comment, “After the Local spin-out (Sprint Nextel) could potentially be debt-free in 2008...
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