Sprint, Nextel herald 'future of communications'
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Officials from Sprint and Nextel Communications today announced a definitive agreement to merge their two companies, creating the third-largest mobile phone company in the U.S.
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Sprint Nextel Corp.  and Clearwire Corp.  plan to build a U.S. nationwide mobile broadband network using WiMAX technology that will be five times faster than current wireless networks and cost less.
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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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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 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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With Wall Street singing the praises of a possible Sprint (FON:NYSE - news - research)-Nextel (NXTL:Nasdaq - news - research) merger, some wireless fans say they can hear overtures for other players.
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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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Executives from SprintÂ and Nextel CommunicationsÂ took to a stage at the St. Regis Hotel in New York Wednesday to announce a definitive agreement to merge their two companies and create the third largest mobile phone company in the U.S.
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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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Sprint and Nextel Communications could announce a &#36;35 billion merger this week in a deal that would forge a third goliath in the quickly consolidating wireless industry.  The union would complete Sprint's transformation from perennial also-ran in the troubled long-distance business.
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Sprint and Nextel&#39;s plans for a &quot;merger of equals&quot; will recast the US wireless competitive landscape, creating a new number-three player that could have far reaching effects
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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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Washington Post business columnist Steven Pearlstein will be online to discuss the merger of Sprint and Nextel Communications. In a column this morning, he wrote that consumers should should cheer the combination.
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Dec. 11--A marriage of Nextel Communications and Sprint could mean significant change for Kirkland-based Nextel Partners as well. Sprint and Nextel Communications are reportedly close to a deal that would create the third-largest US wireless carrier.
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If Sprint Corp. and Nextel Communications wind up merging late next year, don&#39;t expect the new Sprint Nextel to come roaring out of the gates with the kinds of massive service upgrades rolled out by the new Cingular Wireless LLC.
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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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Sprint Nextel is on track to launch  commercial services for its next-generation WiMax high-speed  wireless network at the end of April, Chief Technology Officer  Barry West said on Tuesday.