Sprint-Nextel merger plans official
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Sprint and Nextel have officially announced plans for a &quot;merger of equals&quot; to create the third largest wireless carrier in the US and phase out Nextel&#39;s iDEN network.
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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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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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Wireless carrier Sprint Nextel Corp. plans to consolidate its corporate and operational headquarters in Overland Park, Kan.
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The proposed merger of Sprint and Nextel Communications 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, the No. 3 US mobile- phone company, and Nextel Communications are in early talks about a possible merger, people familiar with the matter said.
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The planned merger of wireless giants Sprint Corp. and Nextel Communications means 70 percent of all US cellular subscribers will be served by one of the three major wireless companies that control the market.
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Sprint Corp. and Nextel Communications Inc. may soon be expected to join their efforts in the mobile phone industry merging to create a company with 33 million customers and joined market value of about $35 billion.
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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 and Nextel agree to merge in a deal which will create the third largest mobile phone operator in the US.
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AT&T is expected to announce as soon as next week details about how it plans to offer mobile phone service using Sprint's cellular network.
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OVERLAND PARK, Kan. Dec 15, 2004 - Sprint Corp. and Nextel Communications Inc. said Wednesday that their boards have unanimously approved a &quot;merger of equals&quot; transaction, in which each company&#39;s shareholders
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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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Sprint and Nextel announced plans for a $36 billion merger Wednesday, creating a new major wireless phone power with a customer base to challenge its two larger rivals.
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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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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
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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.