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Nextel Partners Forces Sprint To Buy

Article Comments  18  

Oct 24, 2005, 4:39 PM   by (staff)

In a vote today, shareholders of Nextel Partners voted overwhelming in favor of forcing Sprint Nextel to purchase the affiliate. Nextel Partners' contract with Nextel gave the affiliate the option to either spin off from Nextel or be purchased by the carrier in the event Nextel was ever bought out. The two companies must now agree on a purchase price for Nextel Partners - a point of contention since the sale to Sprint was announced. Sprint has been filing cases against Nextel Partners for the past few weeks in order to get information from the company necessary to place a value on the affiliate.

more info at Business Week »

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Comments

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This forum is closed.

SForsyth01

Oct 25, 2005, 7:15 AM

Going to be a Problem Free Merger!!!!!!

And this was supposed to be a merger without any problems or complications. Rolling Eyes
and it always will be... as long as there is silly commercials with bunnies and push-to-talk. i love america. Rolling Eyes Embarassed
SForsyth01 said:
And this was supposed to be a merger without any problems or complications. Rolling Eyes


Let's see: Two rather large communications companies + affiliates and partners up the ying-yang + stockholders + ...
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nextel18

Oct 26, 2005, 8:19 AM

Update

i wanted to let everyone know that on october 24th, my birthday, obviously nextel partners shareholders voted yes. so that means we have been on the clock since then. On Dec 28th (65 days), we should know where each party stands on valuation. By Feb 11th, we expect to
know the final 3rd party appraiser’s valuation. Additionally, NXTP is scheduled to
go to court with Sprint-Nextel on November 17th and 18th.

they will both hire appraisers within the next 2-3 weeks.

i will keep everyone updated on this situation.
nextel18 said:
i wanted to let everyone know that on october 24th, my birthday, obviously nextel partners shareholders voted yes. so that means we have been on the clock since then. On Dec 28th (65 days), we should know where each
...
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scbysnx

Oct 25, 2005, 11:58 AM

Bad for partners customers

From what I've heard partners has a lot better customer service. They can expect that to go WAY down hill.
nextel's side and partner's side actually they both have very good customer care and it shouldnt change what-so-ever.
...
 
 
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