Sprint, Nextel consider lucrative deal
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Sprint (FON) and Nextel (NXTL) are in discussions to merge, with an eye to creating a wireless giant that could rival Cingular and Verizon Wireless in size and scope, according to two people with direct knowledge of the talks.
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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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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 Corp.'s &#36;35 billion acquisition of Nextel Communications Inc. could challenge Cingular Wireless and Verizon Wireless for supremacy in a ruthlessly competitive business where prices are constantly dropping.
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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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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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Shares of Sprint Corp. and Nextel Communications Inc. jumped again on Friday as the telephone companies continued negotiations on a merger that would combine the No.
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Nextel Communications and Sprint are negotiating a possible merger, according to a source familiar with the discussions. It was not clear how far the talks had progressed, and
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In todayâs Wall Street Journal is the news [paid subscription req.] that Sprint and Nextel are moving forward with the planned merger, despite a possible threat from #2 wireless carrier Verizon Wireless.
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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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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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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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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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A possible merger of Nextel Communications, the fifth-ranked wireless carrier in the US, and Sprint, the third-largest, may be winning strategy, given the ferocious competition in the telecommunications industry.
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Sprint&#39;s acquisition of Nextel Communications is fueling speculation of more deals to come in a telecommunications industry roiled by intense competition and rapid technological change.
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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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The merger deal between Sprint and Nextel, which reportedly has not been finalized, is being described as a merger of equals that would create the third largest US cellular carrier with nearly 39 million subscribers.