Embarq looking to exit wireless business?
By Will Park on Wednesday, May 21st, 2008 at 12:14 PM PST In Announcements, Financial/Corporate News
And another wireless carrier startup bites the dust. Well, not yet, but word on the street is that Sprint (NYSE: S) spin-off Embarq is considering taking a stage-left exit from the wireless game.
Embarq customers still have time to decide what they want to do with their service. Embarq’s CFO said that his company would continue to provide wireless service through 2009, but after that, Embarq is considering moving their customer base to another carrier.
Having amassed just 112,000 wireless subscribers, Embarq isn’t exactly enjoying any fruits of its labor, and definitely isn’t making enough money to make the whole wireless venture worth the time and effort. So, it seems that folding up and moving on to new businesses is the most logical step for Embarq’s management.
We’ll have to wait and see what Embarq decides to do with their wireless business. At least they have their wireline and computer repair business.
[Via: Yahoo]
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