Sprint Nextel Settles Lawsuit Over Switching to New Carriers
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Sprint Nextel has agreed to provide departing customers with the code necessary to unlock their phonesâ software so the handsets they own can be used on competitorsâ networks.
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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. said Wednesday it would buy mobile telephone company Nextel Communications Inc. for about &#36;36 billion, creating a U.S. wireless carrier with nearly 40 million subscribers.
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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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AT&amp;T, the largest US long-distance telephone company, agreed Tuesday to pay $100 million to settle a lawsuit by shareholders who said the company lied about its financial health.
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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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Verizon Wireless and Sprint (NYSE: FON) are giving their customers a break, cutting their fees for number portability, which the carriers have charged all customers to meet the costs of enabling wireless users to keep their phone numbers when they switch service providers.
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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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Sprint Corp. said yesterday it will acquire Nextel Communications Inc. in a $35-billion deal that will create the nation&#39;s third-largest wireless phone carrier, Sprint Nextel.
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The Federal Trade Commission said Friday that it will make Sprint Corp. pay $1.125 million to settle charges that the telecommunications giant skirted federal credit laws.
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Today probably comes as little surprise to anyone. Sprint (NYSE: FON) will purchase Nextel (Nasdaq: NXTL) for $35 billion, resulting in a company that will be called -- you guessed it -- Sprint Nextel.
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Sprint Corp. on Wednesday agreed to buy wireless telephone company Nextel Communications Inc. in a cash and stock deal worth as much as &#36;38.45 billion to gain more business customers and more wireless airwaves to transmit calls.
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NORWOOD, Mass. -- Cell phone companies Sprint and Nextel announced a merger Wednesday, creating the nation&#39;s third largest wireless company.
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Nextel Communications and Sprint Corp. reached a tentative agreement to merge, a deal that would create the nation&#39;s third-biggest cellular company, sources familiar with the deal said.
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Wireless carrier Sprint has signed contracts with Lucent, Nortel and Motorola for network upgrades, including the development of high-speed Internet services.
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Sprint and Nextel reportedly reach a "tentative agreement" on a merger which will create the third largest mobile phone operator in the US.
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A patent infringement lawsuit filed by AT&amp;T against voice-over-IP telephony provider-Vonage has been settled, Vonage said late Friday.The settlement brings an unusually speedy end to&#160;the lawsuit filed by AT&amp;T on Oct. 17. It alleged Vonage wilfully infringed an AT&amp;T patent related to telephone systems that allow people to make VOIP (voice-over-Internet Protocol) calls using standard telephone devices. A breakdown in talks between the two companies over the issue led to the lawsuit, AT&amp;T said&#160;at the time.Less than a month later, on Nov. 7, the two companies said they had&#160;tentatively agreed to a settlement. At that time Vonage said it would pay AT&amp;T around $39 million under the terms of the settlement.Final terms were not disclosed on Friday when, in a brief statement, Vonage said the dispute had been settled.Vonage previously&#160;settled a patent suit with Verizon&#160;for $80 million to $120 million, depending on the results of its appeal of a court ruling on two patents, and with Sprint Nextel for $80 million. As part of the Sprint Nextel deal Vonage agreed to license more than 100 patents covering technology for connecting calls from a traditional phone network to an IP network. The Verizon settlement came after a court found Vonage had infringed upon the carrier&#39;s patents.&#160;