Sprint, Nextel Partners Settle on Price
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.
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 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).
Sprint to Raise Price of Unlimited Plan to $70
Sprint today said it will raise the cost of its Unlimited plan from $60 to $70 per month beginning Oct. 16.
This puts the total Purchase over $15 Billion
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...
As some people on here have predicted (texaswireless, among others), and others have refuted very strongly (nextel1, this purchase of nextel is ending up to not be such a bargain after all. If my calculations ar
"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"...
Also, you implied you were referring to THIS purchase costing $15B. Yes, acquiring all of the PCS affiliates is starting to add up. ...
Correction about the Nextel Partners buy out price
"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."