Report: Sprint in Talks to Buy Nextel for $36B
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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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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
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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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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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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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Shares of Sprint Corp. and Nextel Communications Inc. jumped Thursday following reports the two telephone companies were discussing a merger.
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The merger deal between Sprint and Nextel, which reportedly has not been finalized, is being described as a merger of equals that would create the third largest US cellular carrier with nearly 39 million subscribers.
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Nextel and Sprint are in talks that could lead to a merger between the two mobile phone operators, sources close to the discussions said on Thursday.
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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.
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Sprint agreed on Wednesday to buy Nextel Communications for about $35 billion, doubling its customers and bolstering its No. 3 position in the US wireless industry.
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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.'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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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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Nextel Communications is in advanced talks to merge with the Sprint Corporation, according to executives involved in the negotiations.
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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.
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Shares of Sprint and Nextel jumped Thursday following reports the two telecommunications companies are discussing a merger. Sprint stock gained a $1.80 a share to close at $24.30 on the New York Stock Exchange.
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Alltel Corp., the nation's sixth-largest wireless carrier, is in advanced negotiations about buying Western Wireless Corp., a Northwest regional carrier which operates mainly under the Cellular One brand, for roughly &#36;4 billion, according to a published report.