Sprint, Nextel May Merge
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With a combined 38.5 million customers, the new company formed by a Sprint and Nextel merger would move closer to frontrunner Cingular, which now has some 47 million customers following its
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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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A Sprint-Nextel merger could be announced soon. Will a deal be bad news for consumers and investors? NEW YORK (CNN/Money) - And then there were four?
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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 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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Sprint and Nextel, two of the top five US mobile phone carriers, are negotiating a merger, say people close to the proposed deal. The combined company would be worth about $70bn.
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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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PHILADELPHIA/NEW YORK  - Sprint Corp. is in  advanced talks to 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 service carriers, sources familiar with  the situation said on Friday.
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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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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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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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US mobile telephone groups Sprint and Nextel are engaged in merger talks which could create the third-biggest US mobile operator worth some 30 billion dollars, according to reports.
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Shares of Sprint Corp. and Nextel Communications Inc. rose after reports that the US mobile-phone companies are in merger talks. The combined company would be worth about $70 billion, financial
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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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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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No more tentative agreements--in what the two companies deem a &quot;merger of equals,&quot; Sprint and Nextel officially announced a definitive agreement to merge.
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Cell phone shoppers looking for new deals and features didn't find them yesterday, a day after Sprint Corp. and Nextel Communications Inc. announced a merger that the phone companies promised would shake up the wireless business.