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Sprint, Nextel Reach Tentative Merger Deal

Article Comments  88

Dec 10, 2004, 5:05 PM   by (staff)

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.

more info at Wall Street Journal »
more info at Reuters »

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Subject Author Date
Rate plans will increase! memillh06 Dec 11, 2004, 1:05 PM
DJ CNBC's FABER REPORT: Full Transcript Of Report >FON NXTL nextel18 Dec 14, 2004, 2:33 PM
Vodafone denies Sprint-Verizon talks nextel18 Dec 14, 2004, 2:32 PM
The latest dirt Rich Brome Dec 14, 2004, 12:07 PM
Verizon makes bid for Sprint ATTWStoCingular Dec 14, 2004, 7:35 AM
The best thing to happen to Sprint since CDMA tuolumne Dec 14, 2004, 1:42 AM
Incidentals ..Job Stability....Name change...etc alcoholic Dec 11, 2004, 8:52 AM
Really Hit a Nerve viper Dec 13, 2004, 11:52 AM
new name rowanrook Dec 11, 2004, 3:07 PM
They both still stink. hot_md_guy Dec 10, 2004, 8:28 PM
To R. Brome: thoughts on the fate of Nextel Motorola phones? momobile Dec 11, 2004, 7:30 PM
That was fast. Silverdale_man Dec 10, 2004, 5:23 PM
Sprint-Nextel deal talk sparks vendor concern (very good read, please see link and post nextel18 Dec 10, 2004, 11:14 PM
It's about time PRTHUG Dec 10, 2004, 6:19 PM
WOW... Starr06 Dec 10, 2004, 5:37 PM
 
 
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