Sprinting Toward Level 3
Today's Wall Street Journal says the companies have toyed with the idea of a joint venture combining their fiber networks. This isn't a case of Sprint wanting to divest; the article says Sprint would own the controlling majority of the new entity.
Clearly, deal fever is in the air. Reuters is quoting Global Crossing (Nasdaq: GLBC) CEO John Legere saying possibilities are everywhere, especially among the Tier 2 carriers. The trick, of course, is finding an idea that two of them happen to like.
— Craig Matsumoto, West Coast Editor, Light Reading