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Non-Tech : SpinOffs -- Ignore unavailable to you. Want to Upgrade?

To: 249443 who wrote (64)	5/5/2006 10:41:25 PM
From: 249443	Read Replies (1) \| Respond to of 85

Embarq To Close Spinoff From Sprint Nextel May 17 cellular-news.com "Embarq, which will consist of Sprint Nextel's local communications business, said it expects 2006 pro forma operating revenue to decrease to a range of $6.4 billion to $6.5 billion from $6.7 billion a year earlier. The new company also anticipates pro forma operating income of $1.45 billion to $1.55 billion, down from $1.76 billion a year ago. The guidance assumes the pending spinoff occurred on Jan. 1. Separately, Sprint Nextel and Embarq said Sprint Capital Corp. plans to offer $4.49 billion in aggregate principal amount of Embarq's seven-, 10- and 30-year senior notes."