Sprint, Nextel Stocks Up on Merger Reports
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Wall Street was abuzz Friday over a potential merger between Sprint and Nextel, though the companies declined to comment on a slew of news reports that they are negotiating to combine to create a celluar provider that would almost rival Cingular Wireless and Verizon Wireless in size.
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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 (FON:NYSE - news - research) and Nextel (NXTL:Nasdaq - news - research) confirmed a $35 billion merger Wednesday morning, going public with their definitive agreement despite reports that Verizon (VZ:NYSE - news - research) continues to weigh its
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European stock markets rose on Monday, lit up by merger and acquisition news after a bright performance in Tokyo and Hong Kong, dealers said.
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DECEMBER 10, 2004 (REUTERS) - 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.
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Bolstered by its fast-growing wireless business, Sprint reported solid third-quarter results Tuesday that beat Wall Street's expectations by 3 cents a share. Sprint also took a &#36;3.5 billion charge to write down network equipment that's been rendered obsolete.
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U.S. stocks opened little changed on  Wednesday, dampened by another rise in oil prices, but a deal  between wireless carriers Sprint Corp. FON.N and Nextel  Communications Inc. NXTL.O worth about $35 billion boosted  Wall Street hopes for more mergers.
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NEW YORK  -  When cellphone giants Sprint and Nextel merged in 2005, investors had a lot of hope for the combined company.
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Nextel and Sprint are in talks that could lead to a merger between the two mobile phone operators, sources close to the discussions said on Thursday.
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European stocks were higher on Monday as fresh merger talk emerged, boosting the likes of EDP (NYSE:EDP), the Portuguese power generator and Ahold, the Dutch retailer.
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NEW YORK - Stocks extended their rally with modest gains Wednesday as Wall Street overlooked climbing oil prices to focus on strong results from Lehman Brothers and Sprint&#39;s $35 billion deal to acquire Nextel Communications.
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Sprint (FON:NYSE - news - research) and Nextel (NXTL:Nasdaq - news - research) have struck a tentative merger agreement, according to news reports.
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SEOUL/NEW YORK  - Shares in Sprint Nextel Corp.  surged on Monday in after-hours trade following a report that South Korea's top telecoms operator, SK Telecom Co., was preparing to bid for the No. 3 U.S. wireless firm.
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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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Shares in Sprint Nextel Corp.   surged as much as 16 percent in afterhours trade after a  media report South Korea&#39;s SK Telecom Co. (017670.KS) was  preparing to bid for the No. 3 U.S. wireless company. Shares in  South Korea&#39;s top mobile phone operator also jumped as much as  4 percent early on Tuesday following the report.
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Sprint Corp. and Nextel Communications Inc. announced this morning that they will merge the companies in a deal that would create a new wireless telecommunications giant.-The Washington Post
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As expected, Sprint Corp. and Nextel Communications announced their &quot;merger of equals&quot; Wednesday--with Sprint as the slightly dominant partner--and revealed some unexpected details of the combine: Nextel&#39;s