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Sprint Nextel Corp

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After struggling with deep losses and a debt load for half of a decade Sprint Nextel Corp. has found its lifeline. The company has announced that it is in negotiations with SoftBank Corp., the Japanese cellphone company. The Japanese company also confirmed that it considered making a substantial investment in the No. 3 US carrier. The possible takeover could turn around Sprint Nextel Corp. as the company has also been affected by the latest wireless consolidation.

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Verizon Wireless has taken the most customer-unfriendly move, publicizing its reliability over its rival AT&T Inc. But a series of misfits and missing links in its network this month threatens to smear the largest U.S. wireless carrier, Verizon Wireless’, carefully crafted reputation. Verizon wireless announced Thursday that it will charge its customers a $2 convenience fee for one-time telephone and online bill payments which will be applicable from Jan 15. Verizon’s move has been greeted by a gale of criticism.

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