Nextel and Sprint: New Partners?
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The cellular telephone industry&#39;s game of musical chairs has started again, and the music may soon stop with one less chair. Nextel Communications is in advanced talks to merge with Sprint, according to executives involved in the negotiations.
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Merger talks between wireless carriers Sprint Corp. and Nextel Communications Inc. aren&#39;t sounding very jolly to one equipment supplier: Motorola Inc.
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Qwest Communications may not be immediately affected by a Sprint-Nextel merger, but its options could become more limited. At one time, Qwest and Sprint were viewed as possible merger partners.
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As expected, Sprint Corp. and Nextel Communications announced their &quot;merger of equals&quot; Wednesday--with Sprint as the slightly dominant partner--and revealed some unexpected details of the combine: Nextel&#39;s
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On 15 December 2004, Sprint and Nextel announced a definitive agreement to merge. The combined companies will operate under the name Sprint Nextel.
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Sprint - the US&#39;s third biggest mobile telco - and fifth-place rival Nextel are reportedly in talks about a possible merger. The deal would create a carrier with approximately 39m subscribers and a market value of around $70bn.
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Sprint (FON:NYSE - news - research) and Nextel (NXTL:Nasdaq - news - research) have struck a tentative merger agreement, according to news reports.
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DECEMBER 10, 2004 (IDG NEWS SERVICE) - Rumored merger talks between Sprint Corp. and Nextel Communications Inc. yesterday were met with a &quot;no comment&quot; from Sprint.
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If Sprint Corp. does hook up with Nextel Communications Inc. -- or, as some observers suggest, Verizon Wireless -- the merger partners will face a multibillion dollar-strategic dilemma.
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Nextel Communications Inc. and Sprint Corp. reached a tentative agreement to merge, a deal that would create the nation's third-biggest mobile-phone company and could bring significant changes to Nextel's Reston headquarters.
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Sprint Corp. and Nextel Communications Inc. customers are likely to see lower prices and better coverage as a result of the companies&#39; planned $35 billion merger.
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Telecommunications giant Sprint Corp. is acquiring Nextel Communications Inc. in a &#36;35 billion deal that would create the nation's third largest wireless telephone service provider.
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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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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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Sprint (nyse: FON - news - people ) and Nextel Communications (nasdaq: NXTL - news - people ) said this morning that their boards have unanimously approved a &quot;merger of equals.
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Sprint Nextel's breakup with some customers may not be popular, but it could make financial sense.Images: Sprint's Dear John letter
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DECEMBER 20, 2004  - Last week&#39;s merger deal between Sprint Corp. and Nextel Communications Inc. continues a consolidation trend among wireless carriers that could help lower prices and bolster