Sprint Near Deal to Buy Nextel for $34 Billion
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A merger between Sprint and Nextel would create a powerful new cellular competitor with some 39 million customers.
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Sprint Corp., the No. 3 US mobile-phone company, and Nextel Communications Inc. are in talks about a possible merger, people familiar with the matter said.
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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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Verizon Communications Inc. VZ.N  has no imminent plans to bid for Sprint Corp. FON.N, people  familiar with the situation said on Tuesday, toppling a  potential obstacle to Sprint's $37.8 billion bid for Nextel  Communications Inc. NXTL.O.
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The US mobile phone company, Sprint, agreed a $35bn (Â£18bn) takeover of rival Nextel yesterday, creating a third powerhouse in the rapidly consolidating American market.
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Sprint Corp. and Nextel Communications Inc. have tentatively agreed to economic terms of a merger of equals that would create a third giant cellular carrier with nearly 39 million subscribers
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Sprint Corp. appears to be on the verge of the boldest move of CEO Gary Forsee&#39;s 18-month tenure: A $36 billion merger with rival wireless company Nextel Communications Inc.
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Nextel Communications Inc. and Sprint Corp. are negotiating a possible merger, according to a source familiar with the discussions.
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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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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. 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 Corp. on Wednesday agreed to  buy wireless telephone company Nextel Communications Inc. in a  cash and stock deal worth as much as $38.45 billion to gain  more business customers and more wireless airwaves to transmit  calls.
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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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Citing "sources familiar with the situation," Reuters is reporting that Sprint is in advanced talks to buy Reston-based Nextel in a mostly stock deal that would combine the No. 3 and No. 5 U.S. wireless service carriers.
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Sprint Corp. on Wednesday agreed to  buy mobile telephone company Nextel Communications Inc. in a  deal worth $36.3 billion to gain more business customers and  more airwaves to transmit calls.
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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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Nextel Communications and Sprint are negotiating a possible merger, according to a source familiar with the discussions. It was not clear how far the talks had progressed, and