Sprint, Nextel almost blended, CEO says
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More than two years after the acquisition that formed Sprint Nextel Corp., the nation's third-largest wireless provider is about 80 percent done with weaving the two sides together, the company's chief executive officer said Wednesday.
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Shares of Sprint Corp. and Nextel Communications Inc. jumped Thursday following reports the two telephone companies were discussing a merger.
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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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NEW YORK - Sprint Corp. and Nextel Communications Inc. have agreed to merge in a deal that would create the nationâs third largest wireless telephone provider.
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Although a Sprint-Nextel combination is being characterized as a $36 billion merger of equals, published reports describe the emerging transaction as a purchase by Sprint.
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When Gary D. Forsee took over as chief executive of Sprint Corp. 20 months ago, the phone company was reeling from the telecom bust, burdened by debt and grappling with bigger
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NEW YORK 07:30 EST - It&#39;s official. Sprint and Nextel is becoming &quot;Sprint Nextel&quot; in what is being described this morning by both companies as a &quot;merger of equals.
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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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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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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 and Nextel Communications have signed a merger agreement. The combined company, which will adopt the name Sprint Nextel, will serve nearly 40 million wireless customers.
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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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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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The merger between Sprint and Nextel is not only a boon for the two cell phone companies but also for San Diego wireless giant Qualcomm.
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With last week&#39;s $35 billion merger deal between Sprint and Nextel looming, agents and solution providers are taking stock of their relationships with service providers.
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Sprint (FON:NYSE - news - research) chief Gary Forsee is billing the Nextel (NXTL:Nasdaq - news - research) deal as strength building on strength.
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Sprint (FON) and Nextel (NXTL) are in discussions to merge, with an eye to creating a wireless giant that could rival Cingular and Verizon Wireless in size and scope, according to two people with direct knowledge of the talks.