Nextel Said to Be in Talks With Sprint
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Nextel Communications is in advanced talks to merge with the Sprint Corporation, a deal that would form the third largest cellphone company in the nation.
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Nextel Communications is in advanced talks to merge with the Sprint Corporation, according to executives involved in the negotiations.
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Nextel Communications Inc. and Sprint Corp. reached a tentative agreement to merge, a deal that would create the nation's third-biggest mobile-phone company and could bring significant changes to Nextel's Reston headquarters.
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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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Citing "sources familiar with the situation," Reuters is reporting that Sprint is in advanced talks to buy Reston-based Nextel in a mostly stock deal that would combine the No. 3 and No. 5 U.S. wireless service carriers.
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KANSAS CITY, Mo. - Verizon Communication Inc.&#39;s wireless partner on Tuesday distanced itself from discussions on a potential bid for Sprint Corp.
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Qwest Communications may not be immediately affected by a Sprint-Nextel merger, but its options could become more limited. At one time, Qwest and Sprint were viewed as possible merger partners.
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Sprint Corp. Chief Executive Officer Gary Forsee said he began merger talks with Nextel Communications Inc. in March, as soon as he was freed from a court order that barred him from pursuing acquisitions.
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Sprint has agreed to buy mobile telephone company Nextel Communications in a deal worth $35.17 billion, combining the No. 3 and No. 5 U.S. wireless carriers and creating a new company with about 40 million customers.
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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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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 Corp. is close to an agreement to buy Nextel Communications Inc. for about &#36;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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Chinese phone maker ZTE Corp   said it is in talks with Sprint Nextel  about  supplying the No. 3 U.S. mobile service with a range of  handsets for a high-speed wireless service it is planning based  on WiMax.
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No. 3 U.S. mobile service provider  Sprint Nextel Corp  is expected to offer flat-rate calling  plans at up to a 40 percent discount to its rivals, hurtling  the industry into a price war, analysts said on Wednesday.
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Sprint Corp.&#39;s acquisition of Nextel Communications Inc. might result in more jobs in the company&#39;s local telephone service segment.
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Time Warner Inc.&#39;s cable-television unit is in talks to offer wireless service with Sprint Corp. to fend off competition from satellite-TV and telephone companies that sell package deals.
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Sprint Corp. said yesterday it will acquire Nextel Communications Inc. in a $35-billion deal that will create the nation&#39;s third-largest wireless phone carrier, Sprint Nextel.