No loans available for Embarq sale

2 Oct 2008

Embarq, the fourth largest US telco by subscribers, has been forced to shelve its sale plans because investors have found it difficult to raise capital in the current economic climate. Embarq hired investment bank JP Morgan to explore a sale of the company, but the deadline for bids expired recently. Companies that had been rumoured to be interested in the sale of the former Sprint Nextel spin-off included Windstream and Qwest.

United States