RadioShack RSH is in negotiations with cellular phone carriers AT&T T, Sprint S and Verizon Wireless VZ, 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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