Sprint Nextel spins off Embarq landline unit
Sprint Nextel is set to officially spin-off its landline unit tonight -- at one minute before midnight, specifically. The new company, dubbed Embarq, will then begin trading on the New York Stock Exchange Thursday morning, and will also join the S&P 500. As we reported earlier, Embarq plans to offer dual-mode handsets that can transfer seamlessly between WiFi and cellular networks, pitting it against T-Mobile and Lucent in that area. Embarq also offers high-speed Internet service in addition to local and long distance phone service and will rank as the 5th largest local communications company in the United States, the company says.[Via CNET Broadband Blog]
Reader Comments (Page 1 of 1)
Daniel @ May 18th 2006 9:29AM
Dear Mrs. Sammy,
Am not same like you either. I don't sell hot items on Engadget.
Sincerely,
Mr. Sammy
John Polivka @ May 19th 2006 4:03PM
Sprint spun off its local telephone division, not its land line business. Sprint continues to be a Tier One Internet and long distance carrier. Our wire line infrastructure continues to serve customer needs and is the foundation for our expanding mobility services.