Sprint to Buy Nextel in &#36;36 Billion Deal
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Sprint Corp.  said on Wednesday it would buy mobile telephone company Nextel Communications Inc.  for about &#36;36 billion, creating a U.S. wireless carrier with nearly 40 million subscribers.
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Sprint Nextel Corp  on Tuesday  said it will spend up to $3 billion over two years to build a  high-speed wireless data network using WiMax technology in a  bid to capture new growth from emerging mobile services.
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Cellular giant Alltel Corp. said Monday it is buying Western Wireless Corp. in a &#36;4.4 billion cash and stock deal expected to make it the fifth-largest U.S. wireless company.
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December 16, 2004 -- Sprint Corp. agreed to buy Nextel Communications Inc. for about $35 billion in a transaction that would leave three companies in control of 70 percent of the US mobile-telephone market.
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Reports that Sprint Corp. may be close to a $36 billion takeover of Nextel Communications Inc. yesterday alarmed consumer advocates, who predicted it would
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Sprint Corp. said yesterday it will acquire Nextel Communications Inc. in a $35-billion deal that will create the nation&#39;s third-largest wireless phone carrier, Sprint Nextel.
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Sprint and Nextel formally announced a $35 billion merger agreement Wednesday and gave details on how the corporate combination would affect employees and consumers. -The Washington Post
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Sprint Corp and Nextel Communications have tentatively agreed on key terms in a $US35 billion ($47billion) merger deal that would create a giant mobile phone carrier with nearly 39 million subscribers.
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Wireless provider Sprint Nextel Corp. said Wednesday it is acquiring affiliate Northern PCS in a deal worth $312.5 million.
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America&#39;s third-largest mobile operator, Sprint, yesterday agreed to buy the fifth-largest, Nextel, in a well-flagged cash and shares deal worth $36.3billion (Â£19billion).
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Although a Sprint-Nextel combination is being characterized as a $36 billion merger of equals, published reports describe the emerging transaction as a purchase by Sprint.
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Nextel Communications and Sprint Corp. reached a tentative agreement to merge, a deal that would create the nation&#39;s third-biggest cellular company, sources familiar with the deal said.
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Today probably comes as little surprise to anyone. Sprint (NYSE: FON) will purchase Nextel (Nasdaq: NXTL) for $35 billion, resulting in a company that will be called -- you guessed it -- Sprint Nextel.
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Nextel Communications Inc. and Sprint Corp. reached a tentative agreement to merge, a deal that would create the nation's third-biggest mobile-phone company and could bring significant changes to Nextel's Reston headquarters.
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Telecommunications giant Sprint Corp. is acquiring Nextel Communications Inc. in a &#36;35 billion deal that would create the nation's third largest wireless telephone service provider.
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Nextel is reportedly in advanced merger talks with Sprint, a deal that would form the third largest US cell phone company. However, there were indications a third player, Verizon Wireless, might make a run
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NEW YORK - Just two months after the announcement that Cingular Wireless will acquire AT&amp;T Wireless, Sprint has announced that it plans to buy Nextel Communications for $35 billion.