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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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Subject Author Date
Going to be a Problem Free Merger!!!!!! SForsyth01 Oct 25, 2005, 7:15 AM
Update nextel18 Oct 26, 2005, 8:19 AM
Bad for partners customers scbysnx Oct 25, 2005, 11:58 AM
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