Sprint Nextel has announced their first set of quartely reults as a merged company. Profits were roughly in line with analyst expectations and not very exciting. And revenues were up 7%.
And they have forescast 2006 consolidated revenue of $41 billion, assuming high-single-digit to low-double-digit growth in wireless and a mid- to high-single-digit revenue decline for its long-distance business.
Lucky they brought Nextel, for their fixed line business is in trouble medium and long term. Revenues will just keep declining. The only hope is that they manage to strengthen their wireless offering versus the might of Cingular and Verizon and that their traditional corporate telecomms business develops.
Or maybe they should merge with an international player. How about Vodafone? Now there's a thought.
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