Radio Shack in Talks With Cellular Phone Carriers in Attempt to Avoid Bankruptcy -NY Post

by Charles Gross, Benzinga Editor

December 10, 2014 6:19 AM | 1 min read | Make a Comment

RadioShack

RSH

is in negotiations with cellular phone carriers AT&T

, Sprint

and Verizon Wireless

, in an attempt to renegotiate its deals and avoid bankruptcy, reports the

. Radio Shack generates nearly 50% of its revenue from cellular phone activations, while making little from the phone sales, according to sources. According to a source, it would be less costly for the carriers to renegotiate their contracts, than to lose sales from the 4,000 U.S. Radio Shack outlets that could close in a bankruptcy. Radio Shack shares closed up a penny at $0.57 on Tuesday. http://nypost.com/2014/12/09/can-you-save-me-now-radioshack-plays-hardball-with-cell-carriers/

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