Sprint Moves Closer to Merger Deal With Nextel
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Nextel Communications is in advanced talks to merge with the Sprint Corporation, according to executives involved in the negotiations.
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NEW YORK - Sprint Corp. is buying Nextel Communications Inc. in a $35-billion US deal that will create the third-largest wireless phone company in the US.
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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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WASHINGTON - Nextel Communications Inc. and Sprint Corp. reached a tentative agreement to merge, a deal that would create the nationâs third-largest cellular company.
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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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Description: Sprint is about to acquire Nextel in a telecom merger that would create the nation&#39;s third-largest wireless company.
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Sprint (FON:NYSE - news - research) and Nextel (NXTL:Nasdaq - news - research) confirmed a $35 billion merger Wednesday morning, going public with their definitive agreement despite reports that Verizon (VZ:NYSE - news - research) continues to weigh its
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Nextel Communications Inc. and Sprint Corp. are negotiating a possible merger, according to a source familiar with the discussions.
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Sprint and Nextel agree to merge in a deal which will create the third largest mobile phone operator in the US.
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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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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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Wall Street was abuzz Friday over a potential merger between Sprint and Nextel, though the companies declined to comment on a slew of news reports that they are negotiating to combine to create a celluar provider that would almost rival Cingular Wireless
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The proposed merger of Sprint and Nextel Communications 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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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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Sprint or Nextel Communications, the two US mobile phone network companies that agreed to a $35bn merger earlier this week, have set a December 31 2005 deadline to complete the deal.
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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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DECEMBER 10, 2004 (REUTERS) - 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.