Fred Business News - Sprint Nextel, the nation's third-largest wireless provider, said Thursday it will have to write off a significant chunk of the remaining value of its 2005 purchase of Nextel Communications and several affiliates, reflecting the continued struggles of its wireless operations.

In a securities filing, the company said it is taking a hard look at the $30.7 billion carried on its books for goodwill - an accounting term for the difference between what is paid for acquisitions and what the assets are actually worth - related ...   more »