Sprint, Nextel ringing up $35B US wireless merger
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NEW YORK - Sprint Corp. is buying Nextel Communications Inc. in a $35-billion US deal that will create the third-largest wireless phone company in the US.
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Officials from Sprint and Nextel Communications today announced a definitive agreement to merge their two companies, creating the third-largest mobile phone company in the U.S.
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Shares of Sprint Corp.   jumped on Friday as the telephone company continued merger negotiations with Nextel Communications Inc.  for a deal that would combine the No. 3 and No. 5 U.S. wireless service carriers.
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Sprint is close to an agreement to buy Nextel for more than $35 billion in a mostly stock deal, sources familiar with the situation said on Friday.
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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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Description: Sprint is about to acquire Nextel in a telecom merger that would create the nation&#39;s third-largest wireless company.
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WASHINGTON  - Sprint and Nextel reached tentative agreement on a merger of the two wireless telecom groups in a deal worth an estimated 34.8 billion dollars, reports said.
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Sprint Corp. and Nextel Communications Inc. on Wednesday announced plans to merge, creating a more formidable rival to the two largest US mobile operators, and a large wireline communications company supporting
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Stocks were set for a slightly higher  open on Wednesday, boosted by wireless carriers Sprint Corp.  FON.N and Nextel Communications Inc. NXTL.O, which agreed  to combine in a deal worth about $35 billion.
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Wall Street was abuzz Friday over a potential merger between Sprint and Nextel, though the companies declined to comment on a slew of news reports that they are negotiating to combine to create a celluar provider that would almost rival Cingular Wireless and Verizon Wireless in size.
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Nextel Communications is in advanced talks to merge with the Sprint Corporation, a deal that would form the third largest cellphone company in the nation.
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DECEMBER 10, 2004 (REUTERS) - 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.
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BusinessWeek Online - In the world of big-time telecom, the Baby Bells have been hogging the spotlight as they bulk up to compete against an onslaught of new technology -- and their arch-rivals, the cable companies. For competitors hovering outside the Bells' territory, that sends a stark message: Team up or get smashed. Sprint Corp.  and Nextel Communications Inc.  chose the former, announcing on Dec. 15 a &#36;35 billion deal to merge into the third-largest wireless powerhouse. With a market capitalization of &#36;70 billion, the new Reston (Va. ...
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Sprint and Nextel were reported to be in merger discussions for a blockbuster deal that would reduce the number of major players in the US wireless industry to four.
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Sprint, the No. 3 US mobile- phone company, and Nextel Communications are in early talks about a possible merger, people familiar with the matter said.
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Sprint or Nextel Communications, the two US mobile phone network companies that agreed to a $35bn merger earlier this week, have set a December 31 2005 deadline to complete the deal.
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Sprint Corp. on Wednesday agreed to  buy wireless telephone company Nextel Communications Inc. in a  cash and stock deal worth as much as $38.45 billion to gain  more business customers and more wireless airwaves to transmit  calls.