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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The widely expected merger between Sprint Corp and Nextel Communications has been agreed in a $36 billion deal likely to end Vodafone&#39;s chance of gaining an independent foothold in the American market.
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Sprint (NYSE: FON) will spend US&#36;3 billion over the next three years to upgrade its U.S. wireless network, including the development of high-speed Internet services.
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Sprint and Nextel announced plans to merge Wednesday, creating a new wireless phone power with about 35 million customers, enough to make it No.
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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 Corp. (FON.N: Quote, Profile, Research) on Wednesday agreed to buy mobile telephone company Nextel Communications Inc. (NXTL.
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Round two of US wireless industry consolidation is officially under way, with Sprint Corp. and Nextel Communications Inc.making the much anticipated announcement that they have agreed to a $35 billion merger Wednesday, Dec.
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PHILADELPHIA/NEW YORK  - Sprint Corp. is close to  an agreement 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 telephone companies, sources familiar with  the situation said on Friday.
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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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Reports that Sprint Corp. may be close to a $36 billion takeover of Nextel Communications Inc. yesterday alarmed consumer advocates, who predicted it would lead to less competition and higher prices for wireless service.
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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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Description: Sprint is about to acquire Nextel in a telecom merger that would create the nation&#39;s third-largest wireless company.
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The proposed $35 billion merger of Sprint Corp. and Nextel Communications could mean changes for Kirkland-based Nextel Partners Inc.
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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 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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Sprint Corp. and Nextel Communications Inc. announced this morning that they will merge the companies in a deal that would create a new wireless telecommunications giant.-The Washington Post
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Nextel Communications is in advanced talks to merge with the Sprint Corporation, a deal that would form the third largest cellphone company in the nation.