Sprint Near Deal to Buy Nextel for $34 Billion
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A merger between Sprint and Nextel would create a powerful new cellular competitor with some 39 million customers.
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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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The proposed $35 billion merger of Sprint Corp. and Nextel Communications could mean changes for Kirkland-based Nextel Partners Inc.
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Sprint and Nextel Communications could unveil their $36 billion merger within a few days, but speculation has intensified about the emergence of a rival bid.
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Last week&#39;s merger deal between Sprint Corp. and Nextel Communications Inc. continues a consolidation trend among wireless carriers that could help lower prices and bolster the development of technology for
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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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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 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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The US mobile phone company, Sprint, agreed a $35bn (Â£18bn) takeover of rival Nextel yesterday, creating a third powerhouse in the rapidly consolidating American market.
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Sprint (FON:NYSE - news - research) and Nextel (NXTL:Nasdaq - news - research) confirmed a $35 billion merger Wednesday morning, going public with their definitive agreement despite reports that Verizon (VZ:NYSE - news - research) continues to weigh its
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Citing "sources familiar with the situation," Reuters is reporting that Sprint is in advanced talks to buy Reston-based Nextel in a mostly stock deal that would combine the No. 3 and No. 5 U.S. wireless service carriers.
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Sprint Corp. (FON.N: Quote, Profile, Research) on Wednesday agreed to buy mobile telephone company Nextel Communications Inc. (NXTL.
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Nextel Communications Inc. and Sprint Corp. are negotiating a possible merger, according to a source familiar with the discussions.
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The widely expected merger between Sprint Corp and Nextel Communications has been agreed in a $36 billion deal likely to end Vodafone&#39;s chance of gaining an independent foothold in the American market.
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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.&#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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PHILADELPHIA/NEW YORK  - Sprint Corp. is close to  an agreement 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 telephone companies, sources familiar with  the situation said on Friday.