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DJ CNBC's FABER REPORT: Full Transcript Of Report >FON NXTL

nextel18

Dec 14, 2004, 2:37 PM
DJ CNBC's FABER REPORT: Full Transcript Of Report >FON NXTL



The following is a full transcript of a report issued by CNBC reporter David Faber on Tuesday:


Early tomorrow morning, Sprint Corp. (FON) and Nextel Communications Inc. (NXTL) will announce their merger
...

A deal in which Sprint will pay Nextel shareholders a price equivalent to 1.3 shares of Sprint stock, which while made up almost entirely of that stock, will also include a small dollop of cash.

Sprint and Nextel will also announce their plans, after their merger closes, to spin off Sprint's local exchange business, which currently comprises roughly 7.7 million access lines.

And tomorrow morning, officials at Verizon Wireless and its parent Verizon Commun...
(continues)
...

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