Sprint, Nextel get mixed reception
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Sprint Corp. announced plans yesterday to buy Nextel Communications Inc. for about $35 billion in a deal that could give consumers better service but leave them with higher bills due to less competition.
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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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SAN FRANCISCO (CBS.MW) -- Shares of wireless carriers Nextel and Sprint rose Thursday after the Wall Street Journal reported that the companies are discussing a merger.
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The $35 billion merger of Sprint and Nextel announced Wednesday may make consumers jittery about rising prices in a consolidating industry, but experts say the remaining players will still wage a tough fight for every customer.
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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 Nextel Corp.  is exploring  new options for funding its wireless broadband network to  soothe investor concerns about the cost, The Wall Street  Journal reported in its online edition on Wednesday.
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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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With last week&#39;s $35 billion merger deal between Sprint and Nextel looming, agents and solution providers are taking stock of their relationships with service providers.
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NEW YORK - Just two months after the announcement that Cingular Wireless will acquire AT&amp;T Wireless, Sprint has announced that it plans to buy Nextel Communications for $35 billion.
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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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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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Sprint Nextel Corp, which recently launched an advertising campaign to attract new customers, is disconnecting more than 1,000 subscribers for calling its customer service lines too often and making what the company called unreasonable requests.
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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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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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OVERLAND PARK, Kan.  - For Sprint, "winning" is a relative term. After a string of dismal quarters, Wall Street would be happy if CEO Dan Hesse could just stop Sprint's bleeding. But Hesse is preparing for war against his telecom rivals, with an arsenal packed with "nukes" - Hesse-speak for anything that has the potential to disrupt the status quo in wireless. One possibility under consideration: flat-rate pricing for unlimited voice calls.
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Merger challenges and dropped calls for consumers are taking a toll as Sprint aims to expand and upgrade.
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Shares of Sprint and Nextel jumped Thursday following reports the two telecommunications companies are discussing a merger. Sprint stock gained a $1.80 a share to close at $24.30 on the New York Stock Exchange.