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Sprint Nextel Corp. Apr 11 Product Image

Sprint Nextel Corp. Apr 11

  • Published: April 2011
  • Standard & Poors

FEATURED COMPANIES

  • iPCS Inc.
  • Nextel Finance Co.
  • Sprint Capital Corp.
  • Sprint Nextel Corp.
  • MORE

Abstract
Position as the third-largest wireless carrier in the U.S. and a national footprint; Improving post-paid subscriber trends should contribute to modest revenue growth; Strong spectrum position; and Industry-leading data penetration. Aggressive financial risk profile characterized by elevated leverage; Uncertainty related to funding plans for majority-owned Clearwire; Weak profitability measures compared with peers; Significant competition from other wireless carriers; and High churn relative to peers. The ratings on Overland Park, Kan.-based wireless carrier Sprint Nextel Corp. reflect an aggressive financial risk profile characterized by its elevated leverage of about 4.8x debt to EBITDA, including Standard & Poor's Ratings Services' adjustments, and uncertainty related to future funding plans for majority-owned wholesale partner Clearwire Corp. The ratings also reflect weak profitability measures relative...

Companies mentioned in this report are:
- Sprint Nextel Corp.
- Sprint Capital Corp.
- Nextel Communications Inc.
- Nextel Finance Co.
- iPCS Inc.

Action: Review

Standard and Poors RatingsXpress Credit Research provides in-depth READ MORE >

- Sprint Nextel Corp.
- Sprint Capital Corp.
- Nextel Communications Inc.
- Nextel Finance Co.
- iPCS Inc.

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