Wireless War Heats Up As Sprint Grabs Nextel
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The merger of Sprint Corp. and Nextel Communications, unveiled last week in a deal valued at more than $35 billion, is likely to spur deployment of broadband wireless services as three giant
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In todayâs Wall Street Journal is the news [paid subscription req.] that Sprint and Nextel are moving forward with the planned merger, despite a possible threat from #2 wireless carrier Verizon Wireless.
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Shares of Sprint Corp.  FON.N  jumped on Friday as the telephone company continued merger  negotiations with Nextel Communications Inc. NXTL.O for a  deal that would combine the No. 3 and No. 5 U.S. wireless  service carriers.
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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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* Sprint&#39;s strong wireless Internet service and Nextel&#39;s walkie- talkie feature popular among mobile professionals would be a competitive combination.
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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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NEW YORK/WASHINGTON  - Sprint Corp. FON.N said  on Wednesday it would buy mobile telephone company Nextel  Communications Inc. NXTL.O for about $36 billion, creating a  U.S. wireless carrier with nearly 40 million subscribers.
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Now that wireless is officially a land of giants, what happens to all the Lilliputians? With Sprint and Nextel announcing their merger Wednesday â- $35 billion deal
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OVERLAND PARK, Kan.  - For Sprint, "winning" is a relative term. After a string of dismal quarters, Wall Street would be happy if CEO Dan Hesse could just stop Sprint's bleeding. But Hesse is preparing for war against his telecom rivals, with an arsenal packed with "nukes" - Hesse-speak for anything that has the potential to disrupt the status quo in wireless. One possibility under consideration: flat-rate pricing for unlimited voice calls.
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With last week&#39;s $35 billion merger deal between Sprint and Nextel looming, agents and solution providers are taking stock of their relationships with service providers.
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Nextel is reportedly in advanced merger talks with Sprint, a deal that would form the third largest US cell phone company. However, there were indications a third player, Verizon Wireless, might make a run
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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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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.
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Mere weeks after the closing of a massive $41 billion merger of Cingular Wireless (owned jointly by SBC Communications and BellSouth) and rival AT&amp;T Wireless, the wireless industry is hot with rumors of the next major deal.
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Wireless operators agree to $35 billion deal to create a new company that will be called Sprint Nextel. By Mobile Pipeline News. The merged company, which the companies positioned as a merger of equals, will be called Sprint Nextel.
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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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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.