Sprint, Nextel Reach Tentative Merger Deal
Sprint-Nextel deal talk sparks vendor concern (very good read, please see link and post
http://aolsvc.news.aol.com/business/article.adp?id=2 ... »
Sprint-Nextel deal talk sparks vendor concern
By Sinead Carew, Reuters
NEW YORK, Dec 10 (Reuters) - The prospect of a deal between Sprint and Nextel Communications sparked concerns on Friday about a shrinking U.S. market for mobile network equipment, sending shares of Nextel's key supplier Motorola Inc. down almost 8 percent.
Sprint Corp. is in advanced negotiations to buy Nextel Communications Inc. for more than $36 billion in a mostly stock deal that would combine the No. 3 and No. 5 U.S. mobile providers, according to sources familiar with the deal.
Motorola is the sole network supplier and the main handset supplier to Nextel, and analysts say it has ...
(continues)
Sprint-Nextel deal talk sparks vendor concern
By Sinead Carew, Reuters
NEW YORK, Dec 10 (Reuters) - The prospect of a deal between Sprint and Nextel Communications sparked concerns on Friday about a shrinking U.S. market for mobile network equipment, sending shares of Nextel's key supplier Motorola Inc. down almost 8 percent.
Sprint Corp. is in advanced negotiations to buy Nextel Communications Inc. for more than $36 billion in a mostly stock deal that would combine the No. 3 and No. 5 U.S. mobile providers, according to sources familiar with the deal.
Motorola is the sole network supplier and the main handset supplier to Nextel, and analysts say it has ...
(continues)
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