Sprint Nextel Continues Affiliate Cleanup
Oct 21, 2005, 12:58 PM by (staff)
Sprint Nextel today announced they have completed the purchase of affiliate IWO Holdings for $427 million. Sprint already purchased IWO's former parent company US Unwired and had announced their intention to purchase IWO at the end of August along with Gulf Coast. Sprint Nextel has separately been waging a battle in the courts with Nextel Partners. Sprint has filed two cases in the past two weeks requesting access to Nextel Partners financial records in order to set a fair purchase price. Nextel Partners is attempting to withhold that information for the maximum time alotted by a previous court decision.
Sprint Settles Lawsuit Over Nextel Merger for $131 Million
Sprint today settled a class-action lawsuit regarding its 2005 acquisition of Nextel for $131 million. Investors claim Sprint executives defrauded shareholders by inflating stock and bond prices after Sprint closed its acquisition of Nextel.
AT&T Finalizes Nextel Mexico Acquisition
AT&T today said it has completed its acquisition of Nextel Mexico. Nextel Mexico covers 76 million customers across the country.
AT&T to Buy Second Mexico Carrier for $1.875B
AT&T today announced its intent to purchase Nextel Mexico, which covers 76 million customers across the country. Nextel Mexico is owned by NII Holdings and AT&T will pay it $1.875 billion.
AT&T Rebranding Mexico's Iusacell and Nextel to AT&T
AT&T has begun rebranding its Iusacell and Nextel properties in Mexico under the AT&T name. Moving forward, people who visit Iusacell and Nextel stores will be buying AT&T Unidos service plans (Unidos con Todo and Unidos a tu Manera, respectively).