Sprint, Nextel move forward with merger
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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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Sprint and Nextel Communications have signed a merger agreement. The combined company, which will adopt the name Sprint Nextel, will serve nearly 40 million wireless customers.
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Sprint and Nextel announced today that their boards of directors have unanimously approved a &#39;definitive agreement&#39; for a merger of equals creating the third-largest US mobile phone carrier.
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Nextel Communications and Sprint are negotiating a possible merger, according to a source familiar with the discussions. It was not clear how far the talks had progressed, and
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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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Sprint and Nextel formally announced a $35 billion merger agreement Wednesday and offered details on how the corporate combination would affect employees and consumers. -The Washington Post
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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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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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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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Today Sprint and Nextel Communications announced that their respective boards of directors have approved a merger agreement. The new entity, to be named Sprint Nextel, plans to spin off the existing Sprint land line business after the merger is completed.
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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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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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Sprint, the No. 3 US mobile- phone company, and Nextel Communications are in early talks about a possible merger, people familiar with the matter said.
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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 (FON) and Nextel (NXTL) are in discussions to merge, with an eye to creating a wireless giant that could rival Cingular and Verizon Wireless in size and scope, according to two people with direct knowledge of the talks.
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Faced with growing pressure to upgrade their networks and compete with larger rivals, Sprint and Nextel Communications are poised to join forces in a $35 billion takeover that will give the combined entity a value of around $70 billion.
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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