The Logic Behind a Sprint/Nextel Deal
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Anyone who has followed the telecom market in recent years knows that this hypercompetitive industry is badly in need of consolidation.
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By DAVID TWIDDY    KANSAS CITY, Mo.  -- Sprint Corp...
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The rumors of a Nextel Communications&#39; combination with Sprint aren&#39;t ringing the same regulatory alarm bells as the larger acquisition of AT&amp;T Wireless by Cingular Wireless.
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Although a Sprint-Nextel combination is being characterized as a $36 billion merger of equals, published reports describe the emerging transaction as a purchase by Sprint.
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Sprint and Nextel, two of the top five US mobile phone carriers, are negotiating a merger, say people close to the proposed deal. The combined company would be worth about $70bn.
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* Sprint&#39;s strong wireless Internet service and Nextel&#39;s walkie- talkie feature popular among mobile professionals would be a competitive combination.
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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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WASHINGTON - Nextel Communications Inc. and Sprint Corp. reached a tentative agreement to merge, a deal that would create the nationâs third-largest cellular company.
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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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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 (FON:NYSE - news - research) chief Gary Forsee is billing the Nextel (NXTL:Nasdaq - news - research) deal as strength building on strength.
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Verizon Communications Inc. VZ.N  has no imminent plans to bid for Sprint Corp. FON.N, people  familiar with the situation said on Tuesday, toppling a  potential obstacle to Sprint's $37.8 billion bid for Nextel  Communications Inc. NXTL.O.
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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 boards of both the US telecoms giant Sprint Corp and mobile phone operator Nextel Communications Inc have announced their intention to create the third largest mobile operator in the US, in a deal worth $35 billion.
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The merger between Sprint and Nextel is not only a boon for the two cell phone companies but also for San Diego wireless giant Qualcomm.
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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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Sprint, the No. 3 US mobile- phone company, and Nextel Communications are in early talks about a possible merger, people familiar with the matter said.