Sprint to Buy Nextel in $36 Billion Deal
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NEW YORK/WASHINGTON  - Sprint Corp. said Wednesday  it would buy mobile telephone company Nextel Communications  Inc. for about $36 billion, creating a U.S. wireless carrier  with nearly 40 million subscribers.
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Sprint and Nextel formally announced a $35 billion merger agreement Wednesday and offered details on how the corporate combination would affect employees and consumers. -The Washington Post
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Sprint Corp.'s agreement to buy Nextel Communications Inc. , in a $35 billion deal unveiled yesterday, will shake up the mobile phone market and create the third largest US wireless service provider.
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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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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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Sprint (FON:NYSE - news - research) and Nextel (NXTL:Nasdaq - news - research) confirmed their $35 billion merger Wednesday, setting ambitious plans for growth along with extensive cost-cutting.
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Dec. 15--NEW YORK -- Sprint Corp. announced Wednesday that it has agreed to acquire smaller mobile phone rival Nextel Communications Inc.
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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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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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WASHINGTON/NEW YORK  - Sprint Corp. FON.N on  Wednesday said it will buy mobile telephone company Nextel  Communications Inc. NXTL.O for about $36 billion creating a  U.S. wireless carrier with nearly 40 million subscribers.
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SPRINT and Nextel Communications are expected early this week to announce a $70 billion (Â£36 billion) telecoms merger that will create Americaâs third-largest mobile-phone company, with 39m customers.
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Sprint and Nextel Communications agreed Wednesday to a merger that will create the third largest US wireless company. The stock-cash deal has an estimated value of more than $35 billion, depending on the value
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WASHINGTON  - US mobile telephone groups Sprint and Nextel are engaged in merger talks which could create the third-biggest US mobile operator worth some 30 billion dollars, according to reports.
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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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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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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.