What label best describes this news article?
Verizon Unlikely to Bid Now for Sprint  PHILADELPHIA (Reuters) - Verizon Communications Inc. &lt;A HREF="http://www.investor.reuters.com/FullQuote.aspx?ticker=VZ.N target=/stocks/quickinfo/fullquote"&gt;VZ.N&lt;/A&gt;  has no imminent plans to bid for Sprint Corp. &lt;A HREF="http://www.investor.reuters.com/FullQuote.aspx?ticker=FON.N target=/stocks/quickinfo/fullquote"&gt;FON.N&lt;/A&gt;, people  familiar with the situation said on Tuesday, toppling a  potential obstacle to Sprint's \$37.8 billion bid for Nextel  Communications Inc. &lt;A HREF="http://www.investor.reuters.com/FullQuote.aspx?ticker=NXTL.O target=/stocks/quickinfo/fullquote"&gt;NXTL.O&lt;/A&gt;. 