Debt concerns slowed the process, says Sprint spokesman.
Tuesday, March 07, 2006
Embarq
Sprint is set to spinoff the new wireline company, Embarq Corporation, in 2Q06. The new company will be providing local phone and data services across 18 states, and wireless and video services through partnerships with Sprint Nextel and EchoStar Dish Network. Embarq will have about $6B in revenues and be the 5th largest ILEC.
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