Sprint to Buy Nextel in $35 Bln Deal
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Sprint Corp. on Wednesday agreed to  buy wireless telephone company Nextel Communications Inc. in a  cash and stock deal worth about $35.17 billion to gain more  business customers and more wireless airwaves to transmit  calls.
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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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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.
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Sprint is near a deal to acquire Nextel Communications for more than $34 billion in a transaction that would lead to further consolidation in the rapidly changing telecommunications industry
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Sprint Corp. FON.N on Wednesday  agreed to buy mobile telephone company Nextel Communications  Inc. NXTL.O in a deal worth $35.17 billion to gain more  business customers and more airwaves to transmit calls.
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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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PHILADELPHIA/NEW YORK  - Sprint Corp. is in  advanced talks to 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 service carriers, sources familiar with  the situation said on Friday.
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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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Sprint said Wednesday it had reached an agreement with Northern PCS of Minnesota to acquire the company for $312.5 million in a continuing effort to appease regional affiliates that objected to its merger with Nextel in 2005.
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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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Shares of Sprint Corp.   jumped on Friday as the telephone company continued merger negotiations with Nextel Communications Inc.  for a deal that would combine the No. 3 and No. 5 U.S. wireless service carriers.
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WASHINGTON  - Sprint and Nextel reached tentative agreement on a merger of the two wireless telecom groups in a deal worth an estimated 34.8 billion dollars, reports said.
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Sprint agreed on Wednesday to buy Nextel Communications for about $35 billion, doubling its customers and bolstering its No. 3 position in the US wireless industry.
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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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Wireless provider Sprint Nextel Corp. said Wednesday it is acquiring affiliate Northern PCS in a deal worth $312.5 million.
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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 (NYSE: FON) will spend US&#36;3 billion over the next three years to upgrade its U.S. wireless network, including the development of high-speed Internet services.