Sprint, Nextel announce $35 billion merger
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Sprint and Nextel Communications agreed Wednesday to a merger that will create the third largest US wireless company. The stock-cash deal has an estimated value of more than $35 billion, depending on the value
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Sprint and Nextel Communications could announce a &#36;35 billion merger this week in a deal that would forge a third goliath in the quickly consolidating wireless industry.  The union would complete Sprint's transformation from perennial also-ran in the troubled long-distance business.
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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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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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US mobile telephone groups Sprint and Nextel are engaged in merger talks which could create the third-biggest US mobile operator worth some 30 billion dollars, according to reports.
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Sprint Corp. is close to an agreement to buy Nextel Communications Inc. for about &#36;35 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.
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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.
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Sprint and Nextel Communications formally announced a merger that will create a formidable No. 3 carrier with 35.4 million subscribers.
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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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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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Sprint Corp. and Nextel Communications Inc. customers are likely to see lower prices and better coverage as a result of the companies&#39; planned $35 billion merger.
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Sprint Corp. on Wednesday agreed to  buy wireless telephone company Nextel Communications Inc. in a  cash and stock deal worth about $35.17 billion to gain more  business customers and more wireless airwaves to transmit  calls.
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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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Now that wireless is officially a land of giants, what happens to all the Lilliputians? With Sprint and Nextel announcing their merger Wednesday â- $35 billion deal
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LONDON - US cellular operators Sprint and Nextel have confirmed they are planning a $35 billion merger to create the third largest mobile carrier with almost 40m subscribers, behind Cingular, the market leader, and Verizon Wireless, a joint venture
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Executives from SprintÂ and Nextel CommunicationsÂ took to a stage at the St. Regis Hotel in New York Wednesday to announce a definitive agreement to merge their two companies and create the third largest mobile phone company in the U.S.
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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.