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 Sprint Nextel Corp. (NYSE: S)
S ("Sprint Nextel") recently reported it intends to redeem a portion of 2014 debt maturities with an aggregate principal amount of $1,169,886,500 on Nov. 19, 2012. The securities comprising this debt retirement are the Nextel Communications, Inc. 5.95 percent Notes due 2014. The Company also intends to redeem the remaining portion of 2015 debt maturities with an aggregate principal amount of approximately $1,109,960,000 on Nov. 19, 2012. The securities comprising this debt retirement are the Nextel Communications, Inc. 7.375 percent Notes due 2015. 
S ("Sprint Nextel") previously reported wireless service revenues of nearly $7.3 billion during the quarter, an increase of nearly 6 percent year-over-year. Wireless service revenues for the S ("Sprint Nextel") platform grew 14 percent year-over-year driven by postpaid ARPU growth of $3.01 and continued subscriber growth. S("Sprint Nextel") reported a net loss of $767 million and a diluted net loss of $.26 per share for the third quarter of 2012 as compared to a net loss of $301 million and a diluted net loss of $.10 per share in the third quarter of 2011. Sprint?s third quarter 2012 results include accelerated depreciation of $397 million, or negative $.13 per share (pre-tax), primarily related to Network Vision, including the expected shutdown of the Nextel platform. S ("Sprint Nextel") recently reported that Tokyo-based SoftBank Corp. is to acquire 70 percent of the Overland Park-based wireless company in a series of transactions valued at $20.1 billion. In a previous announcement, S ("Sprint Nextel") stated it would receive $8 billion of new capital from SoftBank, $3.1 billion soon, in a deal that creates a new company under the Sprint name. Sprint Nextel Corp. (NYSE: S ) offers a comprehensive range of wireless and wireline communications services bringing the freedom of mobility to consumers, businesses and government users. Sprint Nextel served nearly 56 million customers at the end of the third quarter of 2012 and is widely recognized for developing, engineering and deploying innovative technologies, including the first wireless 4G service from a national carrier in the United States; offering industry-leading mobile data services, leading prepaid brands including Virgin Mobile USA, Boost Mobile, and Assurance Wireless; instant national and international push-to-talk capabilities; and a global Tier 1 Internet backbone. The American Customer Satisfaction Index rated Sprint No. 1 among all national carriers in customer satisfaction and most improved, across all 47 industries, during the last four years. Newsweek ranked Sprint No. 3 in its 2012 Green Rankings, listing it as one of the nation?s greenest companies, the highest of any telecommunications company. You can learn more and visit Sprint at www.sprint.com. In my opinion this is a stock to watch! (Read Full Disclaimer at http://crweselect.com/disclaimer)
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