Dueling Fools: Sprint Nextel
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Should investors connect with this troubled telecom?
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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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Sprint - the US&#39;s third biggest mobile telco - and fifth-place rival Nextel are reportedly in talks about a possible merger. The deal would create a carrier with approximately 39m subscribers and a market value of around $70bn.
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The Sprint/Nextel merger announced earlier this month is only the latest can&#39;t-miss-guaranteed-to-increase-profits combination to hit the airwaves.
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When Gary D. Forsee took over as chief executive of Sprint Corp. 20 months ago, the phone company was reeling from the telecom bust, burdened by debt and grappling with bigger competitors on three fronts: local, long-distance and wireless calling.
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&#39;Tis the season. It&#39;s been a busy time for Sprint (nyse: FON - news - people ) Chairman and Chief Executive Gary Forsee, and it&#39;s not over yet.
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Rachel Gonzales hadn&#39;t heard about Sprint&#39;s merger with Nextel when she stopped by a Sprint outlet in downtown San Francisco Wednesday for a new phone.
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By David Hayes, The Kansas City Star, Mo.  Feb. 25--Here's one that Sprint bashers won't like.   A Texas technology firm studied calls made from more than 130,000 wireless phones and found that Sprint offers the most reliable service among the top mobile phone companies.
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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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By Jason Gertzen, The Kansas City Star, Mo.  May 27--The amazing Apple hype machine soon could help Sprint Nextel Corp. sell bunches of music-playing wireless phones.   The debut of the much-heralded iPhone is thought to be imminent, though Apple and AT&T Inc.
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With its subscriber base declining, Sprint surely needs a lift in its heated competitive struggle with AT&T and Verizon Wireless. Could a newly unveiled deal with MySpace Mobile help do the job?
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Here are brief sketches of the two top executives of the company being created by Sprint Corp.&#39;s $35 billion purchase of Nextel Communications Inc.
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The cellular telephone industry&#39;s game of musical chairs has started again, and the music may soon stop with one less chair. Nextel Communications is in advanced talks to merge with Sprint, according to executives involved in the negotiations.
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One way or the other, the U.S. wireless phone industry is headed for further consolidation. Reports yesterday that Nextel and Sprint are in merger talks had Wall Street swooning and consumer advocates worrying. -washingtonpost.com
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Sprint Nextel's breakup with some customers may not be popular, but it could make financial sense.Images: Sprint's Dear John letter
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Wireless subscribers of Sprint Nextel Corp. may no longer have to buy a new phone if they jump to a new carrier.
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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.