Sprintnextel 2.1 billion dollars in new loans

C114 Beijing time May 25 Morning News (SHANGMU) The U.S. 's third-largest mobile operator Sprint Nextel announced a 2.1 billion-dollar unsecured revolving loan.　　The new credit will expire in October 2013, replacing the 4.5 billion-dollar revolving loan that the company will expire in December 2010. In the fourth quarter of 2009 and the first quarter of 2010, Sprint generated 666 million dollars and 506 million dollars of free cash flow respectively.　　By the end of the first quarter of 2010, the company had 4.4 billion dollars in cash, cash equivalents and short-term investments, reducing demand for large credit and associated costs. The new credit will provide additional liquidity for general corporate purposes and will be used to support the redistribution of 800MHZ bands by the United States Federal Communications Commission (Communications Commission) reporting and requesting a 1.6 billion-dollar letter of credit.　　Credit does not have an outstanding balance, but the letter of credit lowers the effective financing capacity of the loan.　　Bob Brust, Bobb Brust's chief financial officer, told investors in March this year that the company planned to repay its debt without financing it, C114　　The sprint was one of the only lost customers of the major U.S. mobile operators last year, affecting its revenue. By the end of 2009, the company had 48.1 million users, ranking third in the United States, with a net loss of $2.4 billion a year-a slight improvement over the 2.8 billion dollar losses in 2008. The champion Verizon Wireless has 91.2 million users and At&t 85.1 million.