Saturday Interview: Turning Around Sprint-Nextel
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Gary Forsee, chief executive of Sprint-Nextel, spoke about efforts to right the companyâs ship.
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* Sprint&#39;s strong wireless Internet service and Nextel&#39;s walkie- talkie feature popular among mobile professionals would be a competitive combination.
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Dan Hesse, who has been running Sprint Nextel's Embarq spinoff since before the company spun it off, has been tapped to take the helm of the larger telco. The appointment is effective immediately; the company's plans for Embarq and the Xohm WiMax initiative are less clear.
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Sprint Nextel is holding new discussions to team up with other firms to deploy a nationwide high-speed wireless network, according to company and industry sources.
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Sprint and Nextel herald "the future of communications."
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Merger talks between wireless carriers Sprint Corp. and Nextel Communications Inc. aren&#39;t sounding very jolly to one equipment supplier: Motorola Inc.
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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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Sprint Corp. appears to be on the verge of the boldest move of CEO Gary Forsee&#39;s 18-month tenure: A $36 billion merger with rival wireless company Nextel Communications Inc.
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For the past two years, Sprint Nextel has been trying to reroute its cellphone signals to avoid causing static on emergency radios used at Baltimore-Washington International Thurgood Marshall Airport. The wireless carrier and Maryland officials dispute who should pay for some of the costs.
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Dec. 11--A marriage of Nextel Communications and Sprint could mean significant change for Kirkland-based Nextel Partners as well. Sprint and Nextel Communications are reportedly close to a deal that would create the third-largest US wireless carrier.
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U.S. mobile operator Sprint Nextel has appointed Dan Hesse as president and CEO. He replaces Gary Forsee, who resigned in October.Forsee left as Sprint Nextel fought to retain market share in the face of its two larger rivals, AT&amp;T and Verizon Wireless. The company struggled with integrating the disparate customer bases of its two constituent parts, not least because the Sprint and Nextel wireless networks are based on different technologies.Sprint Nextel&#39;s directors already know Hesse: he most recently served as chairman, president and CEO of Embarq, a company formed from the local telecommunications division of Sprint following that company&#39;s 2005 merger with Nextel.Before that, he held the same roles at Terabeam, a wireless carrier, following a number of years at the head of AT&amp;T Wireless.Hesse will now join the Sprint Nextel board of directors, although unlike Forsee he will not be its chairman. That honor will remain with James Hance, who took the post following Forsee&#39;s departure, the board said Tuesday.Sprint&#39;s two cellular networks serve around 54 million customers, and it also has licenses to build a national WiMax network, leaving it with something of an identity problem. Hesse will have to balance the needs of these networks as he sets out a new strategy for the company.
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The announced union of Sprint and Nextel Communications yesterday marked the second mega-deal in the wireless industry this year - and the second involving a life change for a Craig McCaw-built venture.
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As part of its effort to turn its fortunes around, wireless phone company Sprint Nextel announced today that it would "streamline its business" by cutting 4,000 jobs and closing 8 percent of its stores. The company, third among U.S. mobile phone services, has been battling against a continual loss of subscribers.
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Sprint Corp.&#39;s agreement to buy Nextel Communications Inc., in a $35 billion deal unveiled yesterday, will shake up the mobile phone market and create the third largest US wireless service provider.
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Sprint Corp., the No. 3 US mobile-phone company, and Nextel Communications Inc. are in talks about a possible merger, people familiar with the matter said.
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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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Sprint Corp.'s agreement to buy Nextel Communications Inc. , in a $35 billion deal unveiled yesterday, will shake up the mobile phone market and create the third largest US wireless service provider.