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Sprint Nextel Closes Two Affiliate Buyouts

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Jun 27, 2006, 1:19 PM   by (staff)

Sprint Nextel yesterday closed their buyout of Nextel Partners, after regulators approved the transaction last week. The carrier paid $6.5 billion for the remaining shares of the Nextel affiliate. In December, the two factions had agreed Nextel Partners was worth $9.2 billion and that Sprint would pay cash for the remaining 69% of the affiliate it did not own. UbiquiTel shareholders yesterday also accepted Sprint's offer of $1.3 billion for their affiliate. That deal is expected to close quickly.

more info at RCR News »



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MMMM>>>>>>> PHONESRULE Jun 27, 2006, 1:56 PM
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