Sprint Nextel Corporation (NYSE:S) Partnership with SoftBank May Close to an End - LEAP, PCS, NIHD

Pompano Beach, FL -- (SBWIRE) -- 01/15/2013 -- Sprint Nextel Corporation (NYSE:S) spokesperson stated Monday that the firm’s $20.1 billion agreement with Tokyo-based SoftBank Corporation is on track to end mid-year regardless of industry speculation that Dish Network Corporation’s counteroffer for Clearwire Corporation make things difficult.

Should Sprint Nextel a Buy or Sell Now? Find Out Here

It has been supposed that SoftBank’s share in Sprint Nextel Corporation stems from its links to Clearwire and its bounty of wireless spectrum, which carriers necessity to manage data traffic from smartphones and tablets.

A Kansas City Business Journal analysis reported in Friday’s print edition lays out how the Sprint-Clearwire agreement and SoftBank-Sprint agreement are connected and how Dish’s interest could unravel deals.

So far today, Sprint Nextel Corporation (NYSE:S) shares lost -1.32% to $5.61 while the stock is changing hands within a range of $5.61 – $5.69. In the past year, the stock has traded between $2.10 and $6.04. Its average daily trading volume is 38.16 million shares.

Will Sprint Nextel Get Buyers Even After The Recent Rally? Find Out Here

Looking at other stocks in the same industry, Leap Wireless International, Inc., MetroPCS Communications Inc and NII Holdings, Inc. are in the decliners list. Let’s have a quick look on their Market performance.

Leap Wireless International, Inc. (NASDAQ:LEAP) shares are down -6.98% to $6.26 while the stock is trading within the range of $6.18 – $6.72 in the current trading session. In the last 12 months, shares have floated between $4.28 and $11.30. This stock, on average, has trading volume of 1.55 million shares.

Why Should Investors Buy LEAP After the Recent Fall? Just Go Here and Find Out

In this session so far, MetroPCS Communications Inc (NYSE:PCS) shares moved down -0.11% reaching $9.50. The stock is trading in a range of $9.28 – $9.50. In the last year the stock has moved within a range of $5.53– $14.51. The Company’s average daily trading volume is 8.28 million shares.

Has PCS Found The Bottom and Ready To Move Up? Find Out Here

Another rival company, NII Holdings, Inc. (NASDAQ:NIHD), is trending -3.15% lower to $6.15. The stock price is hovering in range of $6.08 to $6.35. In the previous 52 weeks, shares price ranged between $4.75 and $24.32. Their average daily trading volume is 4.32 million shares.

Has NIHD Found The Bottom And Ready To Gain Momentum? Find Out Here

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