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Sprint Close to Buying Nextel

Posted by CowboyNeal on from the stack-and-attack dept.

NateDawg writes "After the recent merger of AT&T and Cingular, it looks like Sprint is close to buying out Nextel. According to CNet, the different networks could bring expensive problems, but that could be overcome by the diversity of the company's clients. Nextel has many corporate clients, while Sprint appeals to families and teens."

2 of 256 comments (clear)

  1. wall st by Anonymous Coward · · Score: 3, Informative

    The Wall Street Journal is reporting that Sprint and Nextel have tentatively agreed to basic terms of a merger. The $36 billion deal would create a third giant cellular carrier with nearly 39 million subscribers. Although Sprint shareholders will retain more than 50% of the combined company, to be called "Sprint-Nextel", the merger will otherwise be mutual. The new company will have a 50-50 split among board members from each company. The new company would spin off Sprint's local landline operations. Nothing has been finalized yet, but the companies are said to be "advanced negotiations", and an official announcement could come next week.

    http://www.phonescoop.com/

  2. Re:Nextel and the art of communication by Unknown+Lamer · · Score: 3, Informative

    An independent dealer issued the advertising materials and Nextel acted quickly to cut relations with them and stop the advertisements.

    --

    HAL 7000, fewer features than the HAL 9000, but just as homicidal!