All the European telecoms' want a piece of the lucrative US market...
From Washington Post:
Nextel has achieved positive operating cash flow, an important measure of a company's strength in the wireless industry, but the firm has not become profitable; it reported a loss of $1.8 billion for 1998.
Nextel also has $7.7 billion in long-term debt. MCI WorldCom chief executive Bernard J. Ebbers has been aggressively working to streamline the company and to avoid actions that would reduce the company's long-term earnings.
The long-distance giant could consider cobbling together a wireless network by acquiring companies such as Omnipoint, which has a wireless network in the Northeast, although that is a less likely scenario, analyst Lowenstein said.
Nextel will likely have other suitors, Lowenstein said, adding, "I think [Nextel] has solid enough organic growth to continue to build the network."
Meanwhile, Nextel faces growing competition as the bigger telecommunications players offer similar services.
Still, "I think Nextel can wait until there's a good deal," Lowenstein said.
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