Sprint, Nextel to Merge
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UPDATED: Sprint (Quote, Chart) and Nextel (Quote, Chart) have agreed to merge, to better compete with Cinglar and Verizon Wireless for voice and data customers.
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Dec. 11--A marriage of Nextel Communications and Sprint could mean significant change for Kirkland-based Nextel Partners as well. Sprint and Nextel Communications are reportedly close to a deal that would create the third-largest US wireless carrier.
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A marriage of Nextel Communications and Sprint could mean significant change for Kirkland-based Nextel Partners as well. Sprint and Nextel Communications are reportedly close to a deal that would create the third-largest US wireless carrier.
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As expected, Sprint Corp. and Nextel Communications announced their &quot;merger of equals&quot; Wednesday--with Sprint as the slightly dominant partner--and revealed some unexpected details of the combine: Nextel&#39;s
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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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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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NEW YORK  -  When cellphone giants Sprint and Nextel merged in 2005, investors had a lot of hope for the combined company.
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Sprint Corp.&#39;s agreement to buy Nextel Communications Inc., in a $35 billion deal unveiled yesterday, will shake up the mobile phone market and create the third largest US wireless service provider.
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Sprint Corp., the No. 3 US mobile-phone company, and Nextel Communications Inc. are in talks about a possible merger, people familiar with the matter said.
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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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Sprint Corp. on Wednesday agreed to  buy mobile telephone company Nextel Communications Inc. in a  deal worth $36.3 billion to gain more business customers and  more airwaves to transmit calls.
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Sprint and Nextel announced plans for a $36 billion merger Wednesday, creating a new major wireless phone power with a customer base to challenge its two larger rivals.
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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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Sprint (FON:NYSE - news - research) and Nextel (NXTL:Nasdaq - news - research) confirmed their $35 billion merger Wednesday, setting ambitious plans for growth along with extensive cost-cutting.
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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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Dec. 15--NEW YORK -- Sprint Corp. announced Wednesday that it has agreed to acquire smaller mobile phone rival Nextel Communications Inc.
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The widely expected merger between Sprint Corp and Nextel Communications has been agreed in a $36 billion deal likely to end Vodafone&#39;s chance of gaining an independent foothold in the American market.