Sorint Nextel

Sprint Nextel faces “very legitimate risk” of bankruptcy

US carrier Sprint Nextel is facing a “very legitimate risk” of filing for bankruptcy in the next four years, according to a financial analyst firm. The warning comes from Sanford C. Bernstein analyst Craig Moffett, who said that there is a 50 per cent chance that the operator could be forced to file for protection from creditors under Chapter 11 of the federal bankruptcy code.

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