Sprint Near Deal to Buy Nextel -Sources
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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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Sprint or Nextel Communications, the two US mobile phone network companies that agreed to a $35bn merger earlier this week, have set a December 31 2005 deadline to complete the deal.
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UPDATED: Sprint (Quote, Chart) and Nextel (Quote, Chart) have agreed to merge, to better compete with Cinglar and Verizon Wireless for voice and data 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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Nextel Communications and Sprint Corp. reached a tentative agreement to merge, a deal that would create the nation&#39;s third-biggest cellular company, sources familiar with the deal said.
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Round two of US wireless industry consolidation is officially under way, with Sprint Corp. and Nextel Communications Inc.making the much anticipated announcement that they have agreed to a $35 billion merger Wednesday, Dec.
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A Sprint-Nextel merger could be announced soon. Will a deal be bad news for consumers and investors? NEW YORK (CNN/Money) - And then there were four?
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NEW YORK - Sprint Corp. is buying Nextel Communications Inc. in a $35-billion US deal that will create the third-largest wireless phone company in the US.
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Sprint Corp and Nextel Communications have tentatively agreed on key terms in a $US35 billion ($47billion) merger deal that would create a giant mobile phone carrier with nearly 39 million subscribers.
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The proposed merger of Sprint Corp. and Nextel Communications Inc. 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 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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Sprint Corp.  said on Wednesday it would buy mobile telephone company Nextel Communications Inc.  for about &#36;36 billion, creating a U.S. wireless carrier with nearly 40 million subscribers.
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DECEMBER 20, 2004  - Last week&#39;s merger deal between Sprint Corp. and Nextel Communications Inc. continues a consolidation trend among wireless carriers that could help lower prices and bolster
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Sprint Corp. (FON.N: Quote, Profile, Research) on Wednesday agreed to buy mobile telephone company Nextel Communications Inc. (NXTL.
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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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Sprint Corp. agreed to buy Nextel Communications Inc. for about $35 billion in a transaction that would leave three companies in control of 70 percent of the US mobile-telephone market.
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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.