Nextel, Sprint reach tentative merger deal
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WASHINGTON - Nextel Communications Inc. and Sprint Corp. reached a tentative agreement to merge, a deal that would create the nationâs third-largest cellular company.
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The proposed merger of Sprint Corp. and Nextel Communications Inc. could face a shaky start as the companies work to run and eventually merge two wireless technologies without losing a ton of money or customers.
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Sprint and Nextel agree to merge in a deal which will create the third largest mobile phone operator in the US.
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Sprint Corp. said 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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No more tentative agreements--in what the two companies deem a &quot;merger of equals,&quot; Sprint and Nextel officially announced a definitive agreement to merge.
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Description: Sprint is about to acquire Nextel in a telecom merger that would create the nation&#39;s third-largest wireless company.
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Sprint and Nextel Communications could announce a &#36;35 billion merger this week in a deal that would forge a third goliath in the quickly consolidating wireless industry.  The union would complete Sprint's transformation from perennial also-ran in the troubled long-distance business.
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Sprint and Nextel were reported to be in merger discussions for a blockbuster deal that would reduce the number of major players in the US wireless industry to four.
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Sprint and Nextel, two of the top five US mobile phone carriers, are negotiating a merger, say people close to the proposed deal. The combined company would be worth about $70bn.
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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 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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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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Cell phone shoppers looking for new deals and features didn't find them yesterday, a day after Sprint Corp. and Nextel Communications Inc. announced a merger that the phone companies promised would shake up the wireless business.
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NORWOOD, Mass. -- Cell phone companies Sprint and Nextel announced a merger Wednesday, creating the nation&#39;s third largest wireless company.
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Nextel is reportedly in advanced merger talks with Sprint, a deal that would form the third largest US cell phone company. However, there were indications a third player, Verizon Wireless, might make a run
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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.
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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.