Sprint-Nextel Wireless Talks Raise Question of Spin-Offs
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If Sprint Corp. does hook up with Nextel Communications Inc. -- or, as some observers suggest, Verizon Wireless -- the merger partners will face a multibillion dollar-strategic dilemma.
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When Sprint and Nextel Communications merge, they will be competing against their much larger rivals, Cingular Wireless and Verizon Wireless.
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Verizon Communications Inc. has eyed a potential acquisition of Sprint Corp. , but has no imminent plans to make a bid, people familiar with the situation said on Tuesday.
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The proposed $35 billion merger of Sprint Corp. and Nextel Communications could mean changes for Kirkland-based Nextel Partners Inc.
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KANSAS CITY, Mo. - Verizon Communication Inc.&#39;s wireless partner on Tuesday distanced itself from discussions on a potential bid for Sprint Corp.
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Nextel Communications and Sprint are negotiating a possible merger, according to a source familiar with the discussions. It was not clear how far the talks had progressed, and
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Nextel was the big story in telecommunications yesterday, thanks to the Reston company's mega-merger with Sprint, but the future of wireless may be percolating in dozens of Washington area start-ups.
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PHILADELPHIA/NEW YORK  - Sprint Corp. is close to  an agreement to buy Nextel Communications Inc. for about $35  billion in a mostly stock deal that would combine the No. 3 and  No. 5 U.S. wireless telephone companies, sources familiar with  the situation said on Friday.
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A possible merger of Nextel Communications, the fifth-ranked wireless carrier in the US, and Sprint, the third-largest, may be winning strategy, given the ferocious competition in the telecommunications industry.
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The proposed merger of Sprint and Nextel Communications could face a rocky start as the companies work to run and eventually merge two wireless technologies without breaking the bank or losing customers.
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With Wall Street singing the praises of a possible Sprint (FON:NYSE - news - research)-Nextel (NXTL:Nasdaq - news - research) merger, some wireless fans say they can hear overtures for other players.
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PHILADELPHIA/NEW YORK  - Sprint Corp. is in  advanced talks to buy Nextel Communications Inc. for more than  $36 billion in a mostly stock deal that would combine the No. 3  and No. 5 U.S. wireless service carriers, sources familiar with  the situation said on Friday.
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WASHINGTON  - US mobile telephone groups Sprint and Nextel are engaged in merger talks which could create the third-biggest US mobile operator worth some 30 billion dollars, according to reports.
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NEW YORK  -  When cellphone giants Sprint and Nextel merged in 2005, investors had a lot of hope for the combined company.
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MCI Corp. and Qwest Communications International Inc. are reportedly discussing the telephone industry's second big merger in days, though some observers dismiss the potential marriage as so flawed that the talks may be a ploy by MCI to lure another suitor, such as Verizon .
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One way or the other, the U.S. wireless phone industry is headed for further consolidation. Reports yesterday that Nextel and Sprint are in merger talks had Wall Street swooning and consumer advocates worrying. -washingtonpost.com
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Sprint is considering options such as spinning off its WiMAX business and taking on partners in an effort fimd its nationwide wireless broadband network.