Sprint Nextel Settles Lawsuit Over Switching to New Carriers
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Sprint Nextel has agreed to provide departing customers with the code necessary to unlock their phonesâ software so the handsets they own can be used on competitorsâ networks.
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Officials from Sprint and Nextel Communications today announced a definitive agreement to merge their two companies, creating the third-largest mobile phone company in the U.S.
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Wireless telephone company Nextel Communications confirmed Wednesday it is being bought by rival Sprint in a cash and stock deal said to be worth more than $35-billion US.
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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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NEW YORK - Just two months after the announcement that Cingular Wireless will acquire AT&amp;T Wireless, Sprint has announced that it plans to buy Nextel Communications for $35 billion.
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Today Sprint and Nextel Communications announced that their respective boards of directors have approved a merger agreement. The new entity, to be named Sprint Nextel, plans to spin off the existing Sprint land line business after the merger is completed.
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Verizon Wireless and Nextel Communications today announced they have reached an agreement to resolve all of their legal disputes, including the contentious 800 MHz realignment that gives Nextel coveted 1.9 GHz spectrum.
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Sprint Corp. said Tuesday it reached multiyear agreement totaling $3 billion with Lucent Technologies Inc., Motorola Inc. and Nortel Networks Corp.
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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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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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The Federal Trade Commission said Friday that it will make Sprint Corp. pay $1.125 million to settle charges that the telecommunications giant skirted federal credit laws.
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Sprint Corp. and AT&#38;T Corp. have agreed to pay a total of nearly $1.5 million to settle government charges that they denied or limited phone service to hundreds of thousands of customers they considered credit risks without notifying the consumers of their rights.
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A federal judge has given preliminary approval for Sprint Nextel Corp. to pay $30 million to settle a class-action lawsuit alleging it overcharged in passing along a federally mandated phone service subsidy.
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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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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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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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WASHINGTON - Nextel Communications Inc. and Sprint Corp. reached a tentative agreement to merge, a deal that would create the nationâs third-largest cellular company.