Pursuits
Going Broke Slowly: A Guide to Sprint’s $33 Billion Debt Dilemma
- Unconventional loans, accounting raise questions about future
- SoftBank arranges sale-leaseback, but avoids sinking more cash
Is Sprint Slowly Going Broke?
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Sprint Corp.’s top executives are confidently promising a revival that will lead to the “greatest turnaround in history.”
But their financing plans have some in the industry wondering whether the debt-ridden mobile-phone carrier is mortgaging its future to buy itself time with creditors.