The recent rise in Sprint Nextel's share price has stoked market speculation that the company could either become a takeover target, or work towards the acquisition of a smaller rival, Fierce Wireless reports. On 13 August Sprint shares closed at USD5.05, the first time the company’s stock has topped USD5 in more than a year. However, the website notes that some of the speculation seems ‘somewhat outlandish’, with Google Inc, Apple Inc and Samsung Electronics all named by third-party sources as potential suitors for the carrier; none of the firms have ever given a clear-cut indication that they are interested in acquiring a wireless carrier
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OVETEL Sprint share price surge prompts intense M&A speculation
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