RS Legacy Corp. (fka RSHCQ)

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

Charles Gross, Benzinga Staff Writer
December 10, 2014 6:19 AM

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RadioShack RSH 3.34% is in negotiations with cellular phone carriers AT&T T 1.22%, Sprint S 4.6% and Verizon Wireless VZ 1.58%, 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-hardba...

Read more: http://www.benzinga.com/news/14/12/5069834/radio-shack-in-talks-with-cellular-phone-carriers-in-attempt-to-avoid-bankruptcy-#ixzz3LYlIrG3n