Reports Sprint Nextel (S) Drawing Private Equity Interest

Reports from TheDeal.com ($), Sprint Nextel Corp. (NYSE: S) is talking with private equity firms about a possible LBO. But, according to the report, the size of the deal could prohibit it from actually happening.

The report said another carrier Alltel (NYSE: AT) is also drawing private equity attention, although it trades at a significantly higher multiple than Sprint.

Last week, rumors swirled Comcast (Nasdaq: CMCSA) could buy Sprint. The rumors followed Comcast's recent moves showing its wireless ambitions.