The Logic Behind a Sprint/Nextel Deal
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Anyone who has followed the telecom market in recent years knows that this hypercompetitive industry is badly in need of consolidation.
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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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NEW YORK  -  When cellphone giants Sprint and Nextel merged in 2005, investors had a lot of hope for the combined company.
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Nextel Communications is in advanced talks to merge with the Sprint Corporation, according to executives involved in the negotiations.
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The rumors are true: Sprint Nextel will form the No. 3 wireless company.
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The proposed merger of Sprint Corp. and Nextel Communications Inc. could face a rocky start as the companies work to run and eventually merge two wireless technologies without breaking the bank or losing customers.
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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.
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Sprint and Nextel announced plans for a $36 billion merger Wednesday, creating a new major wireless phone power with a customer base to challenge its two larger rivals.
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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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December 16, 2004 -- 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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The rumors of a Nextel Communications&#39; combination with Sprint aren&#39;t ringing the same regulatory alarm bells as the larger acquisition of AT&amp;T Wireless by Cingular Wireless.
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A possible merger of Nextel Communications, the fifth-ranked wireless carrier in the US, and Sprint, the third-largest, may be winning strategy, given the ferocious competition in the telecommunications industry.
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The $35 billion merger of Sprint and Nextel announced Wednesday may make consumers jittery about rising prices in a consolidating industry, but experts say the remaining players will still wage a tough fight for every customer.
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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 Corp.'s &#36;35 billion acquisition of Nextel Communications Inc. could challenge Cingular Wireless and Verizon Wireless for supremacy in a ruthlessly competitive business where prices are constantly dropping.
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Sprint and Nextel Communications could unveil their $36 billion merger within a few days, but speculation has intensified about the emergence of a rival bid.
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Sprint is close to an agreement to buy Nextel for more than $35 billion in a mostly stock deal, sources familiar with the situation said on Friday.