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Sprint, Nextel Partners Settle on Price

Article Comments  46  

Dec 20, 2005, 1:33 PM   by (staff)

Sprint Nextel today announced they will buy affiliate Nextel Partners for $9.2 billion in cash. Nextel Partners' contract with Nextel allowed the affiliate to force a purchase by the Nextel should it ever be acquired, and they did so in October. Since then the two companies have been bickering about the company's value in and out of court. The purchase price was finally determined by averaging two independent valuations conducted by large investment firms. The purchase will be completed in early 2006.

more info at Sprint Nextel »

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Comments

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SForsyth01

Dec 20, 2005, 2:06 PM

This puts the total Purchase over $15 Billion

As some people on here have predicted (texaswireless, among others), and others have refuted very strongly (nextel1Cool, this purchase of nextel is ending up to not be such a bargain after all. If my calculations are correct, this puts the total cost to sprint for this purchase to be over $15 billion dollars.
http://biz.yahoo.com/bizj/051220/1205439.html?.v=1 »

Sprint Nextel will buy affiliate for $6.5B

Sprint Nextel Corp. will buy wireless affiliate Nextel Partners Inc. for $28.50 a share, or $6.5 billion.

In a written release Tuesday, the companie...
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SForsyth01 said:
As some people on here have predicted (texaswireless, among others), and others have refuted very strongly (nextel1Cool, this purchase of nextel is ending up to not be such a bargain after all. If my calculations ar
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Well at least it's not the 41 billion we've seen from previous mergers/buyouts!
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TX did it for us in this forum.

"Nextel Partners 9.2 Billion (this is incorrect it is $6.5 billion)

Enterprise Communication 0.1 Billion

Alamosa PCS 4.3 Billion

IWO Holdings 0.4 Billion

Gulf Coast 0.3 Billion

US Unwired 1.3 Billion"...
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Forsyth, they already owned 32% of NXTP. TOTAL value of NXTP was averaged at $9.2 B. So, they only had to pay $6.2B.
Also, you implied you were referring to THIS purchase costing $15B. Yes, acquiring all of the PCS affiliates is starting to add up. ...
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ButtaKnife

Dec 20, 2005, 2:00 PM

About time!

With Nextel Partners taken care of and Alamosa pending acquisition, our market here will soon change dramatically. Personally, I'm excited to see what happens next. Very Happy
The end of the affiliate era as we know it...
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nextel18

Dec 20, 2005, 9:02 PM

Correction about the Nextel Partners buy out price

it isnt $9.4 billion, it is $6.5 billion.

"KANSAS CITY, Mo. (AP) -- Sprint Nextel Corp. said Tuesday it would buy outstanding shares of Nextel Partners Inc. in a deal valued at $6.5 billion, or $28.50 per share, settling a battle with its largest affiliate."
 
 
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