Sprint buys Breedersâ Cup sponsor Nextel for $35-billion
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Sprint Corp. is to acquire Nextel Communications Inc., title sponsor of the Breedersâ Cup Distaff (G1), in a $35-billion deal that will create the nationâs third-largest wireless telephone service provider
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Well, it looks like things are getting a bit more interesting regarding the Sprint/Nextel deal. It seems that Vodafone, which owns 45% of Verizon Wireless in the US, is supporting a move by Verizon to potentially buy Sprint PCS.
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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 Corp. shares fell slightly on reports the company will pay more than $36 billion for Nextel Communications Inc. to create the third-largest US mobile- telephone company.
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Shares of Sprint and Nextel jumped Thursday following reports the two telecommunications companies are discussing a merger. Sprint stock gained a $1.80 a share to close at $24.30 on the New York Stock Exchange.
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Motorola Inc. MOT.N is betting it can  win more business from U.S. mobile phone company Sprint Corp.  FON.N as a result of Sprint's planned takeover of Nextel  Communications Inc. NXTL.O, Motorola's chief strategist said.
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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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Sprint Corp. is in advanced talks to buy Nextel Communications Inc. for more than $36 billion in a mostly stock deal, sources familiar with the situation said today.
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Dec. 15--NEW YORK -- Sprint Corp. announced Wednesday that it has agreed to acquire smaller mobile phone rival Nextel Communications Inc.
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NEW YORK/WASHINGTON  - Sprint Corp. said Wednesday  it would buy mobile telephone company Nextel Communications  Inc. for about $36 billion, creating a U.S. wireless carrier  with nearly 40 million subscribers.
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Sprint Corp. and Nextel Communications Inc. may soon be expected to join their efforts in the mobile phone industry merging to create a company with 33 million customers and joined market value of about $35 billion.
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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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Sprint (FON:NYSE - news - research) and Nextel (NXTL:Nasdaq - news - research) confirmed their $35 billion merger Wednesday, setting ambitious plans for growth along with extensive cost-cutting.
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Faced with growing pressure to upgrade their networks and compete with larger rivals, Sprint and Nextel Communications are poised to join forces in a $35 billion takeover that will give the combined entity a value of around $70 billion.
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Alamosa Holdings Inc. (APCS.O: Quote, Profile, Research) will acquire AirGate PCS Inc. (PCSA.O: Quote, Profile, Research) for $392 million in stock creating the largest Sprint Corp.
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Round two of US wireless industry consolidation is officially under way, with Sprint Corp. and Nextel Communications Inc.making the much anticipated announcement that they have agreed to a $35 billion merger Wednesday, Dec.
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Verizon Wireless is buying cellular capacity for 23 markets from bankrupt NextWave Telecom Inc. for &#36;3 billion, ending the government's long tug-of-war over the never-used licenses and bolstering Verizon against a big new rival created by the merger of Cingular Wireless and AT&amp;T Wireless.