Sprint Nextel (S -2.4%) and Level 3 Communications (LVLT +11.5%) are in preliminary talks to...

|About: Sprint Corporation (S)|By:, SA News Editor

Sprint Nextel (S -2.4%) and Level 3 Communications (LVLT +11.5%) are in preliminary talks to combine Sprint's long-distance division with Level 3 in a joint venture, or, failing that, a less-ambitious commerical partnership. LVLT's $6.4B in debt could be a stumbling block.