Sprint, Nextel Announce Merger
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NORWOOD, Mass. -- Cell phone companies Sprint and Nextel announced a merger Wednesday, creating the nation&#39;s third largest wireless company.
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Nextel Communications and Sprint Corp. reached a tentative agreement to merge, a deal that would create the nation&#39;s third-biggest cellular company, sources familiar with the deal said.
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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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When Sprint and Nextel Communications merge, they will be competing against their much larger rivals, Cingular Wireless and Verizon Wireless.
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DECEMBER 20, 2004  - 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
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Sprint Corp. said Wednesday it would buy mobile telephone company Nextel Communications Inc. for about &#36;36 billion, creating a U.S. wireless carrier with nearly 40 million subscribers.
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UPDATED: Sprint (Quote, Chart) and Nextel (Quote, Chart) have agreed to merge, to better compete with Cinglar and Verizon Wireless for voice and data customers.
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The proposed merger of Sprint Corp. and Nextel Communications Inc. could face a rocky start as the companies work to run and eventually merge two wireless technologies without breaking the bank or losing customers.
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Sprint and Nextel formally announced a $35 billion merger agreement Wednesday and offered details on how the corporate combination would affect employees and consumers. -The Washington Post
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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.
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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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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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PHILADELPHIA/NEW YORK  - Sprint Corp. is close to  an agreement to buy Nextel Communications Inc. for about $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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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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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.
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Sprint and Nextel Communications have signed a merger agreement. The combined company, which will adopt the name Sprint Nextel, will serve nearly 40 million wireless customers.
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The merger of Sprint Corp. and Nextel Communications, unveiled last week in a deal valued at more than $35 billion, is likely to spur deployment of broadband wireless services as three giant