Sprint (New York Stock Exchange: S) has filed documents with the Securities and Exchange Commission in hopes to raise some $five hundred million. The carrier plans to offer senior unsecured notes which will mature in August 2017, and use the money for such things as general business expenses, meshing enlargement, debt services and acquisitions.
This comes after they posted another bad quarter and after announcing their aim to acquire Virgo Mobile U. S. Army for $483 meg. To be carnival, Sprint is trying to improve its financial foothold, and in that gumption they’ve recently announced the so called “Network Advantage” outsourcing deal with Ericsson. Still, I’m not sure that alone can assistance — Palm (NSDQ: PALM) Pre is poise, but they need more compelling offering across market segments…