KIRKLAND, Wash.-Nextel Partners Inc. reported that more than 20 percent of its class A common stockholders have requested that the carrier call a special meeting to vote on whether to exercise its "put right." If approved, the "put right" would require the newly combined...
Clearwire Corp. raised an additional $250 million in financing, according to reports, bringing the carrier's total war chest to a staggering $600 million. The news highlights investors' apparent interest in the wireless broadband space, as well as the technology's potential to agitate entrenched wireless...
Nextel Partners Inc. reported the opening of its 100th company-owned store and said it plans to add at least 10 more locations by the end of the year. The centennial location is in Kona, Hawaii, and is the 27th new store Nextel Partners said...
Nextel Partners Inc. reported that more than 20 percent of its class A common stockholders have requested that the carrier call a special meeting to vote on whether to exercise its "put right." If approved, the "put right" would require the newly combined Sprint...
Bolstered by a relatively speedy and uneventful approval process and a new ticker symbol that began trading on the New York Stock Exchange last week, Sprint Nextel Corp. said it is in position to become a differentiated wireless provider focused on providing advanced services...
Nextel Partners Inc. sent a terse response to Nextel Communications Inc. following a letter it sent to Nextel Partners regarding terms of Nextel Partners' "put" option, which the affiliate can now trigger following Nextel's acquisition by Sprint Corp. last week. "In the context of...
Sprint Nextel Corp. said it intends to pursue the appraisal process under network affiliate Nextel Partners Inc.'s "put" provision instead of moving forward with a negotiated acquisition. Nextel Partners has said it would recommend its shareholders initiate the "put" option following Sprint Corp.'s acquisition...
Rural telecommunications provider and Sprint Corp. wireless affiliate Shenandoah Telecommunications Co. said it has entered into a forbearance agreement with Sprint related to Sprint's pending acquisition of Nextel Communications Inc. Shentel said the agreement reflects the parties' "desire to avoid litigation" while they renegotiate...
Sprint Corp. received an important endorsement for its pending acquisition of Nextel Communications Inc. as the Federal Communications Commission granted its approval for the deal, which will solidify the new Sprint Nextel Corp.'s position as the industry's third-largest operator with more than 40 million...
Sprint Corp. wireless affiliate UbiquiTel Inc. said it has entered into a forebearance agreement with Sprint that will halt UbiquiTel's attempts to seek injunctive or equitable relief from Sprint in connection with Sprint's pending acquisition of Nextel Communications Inc. UbiquiTel filed a suit against...
The second quarter is shaping up as a one-horse affair as Verizon Wireless appears set to take substantial market share away from its competitors and move ever closer to its larger rival Cingular Wireless L.L.C. Verizon Wireless, which ruled supreme as the industry's big...
Sprint Corp. and Nextel Communications Inc. continue to wage a number of side battles in Sprint's attempt to acquire Nextel. Most of the conflicts are with respective affiliates that are trying to clear up partnership pacts before the merger closes, expected to happen sometime...
Sprint Corp.'s wireless affiliate troubles gained more steam as network partner Gulf Coast Wireless L.P. joined the growing list of disgruntled affiliates seeking injunctive relief from Sprint's pending acquisition of Nextel Communications Inc.In a court filing, Gulf Coast, which has ties to fellow affiliate...
Nextel Partners Inc. posted a company-record 103,300 net customer additions during the second quarter, which was 12-percent higher than the 92,000 customers the carrier added during the second quarter of last year and surpassed the most optimistic analyst estimates. Nextel Partners noted it was...
Nextel Partners Inc. said it has accepted the resignation of Tim Donahue, Nextel Communications Inc. president and chief executive officer, from its board of directors. Donahue was on Nextel Partners' board as the designee of Nextel's wholly owned subsidiary Nextel WIP Corp. Nextel Partners'...
Nextel Communications Inc. said it has sent a letter to affiliate Nextel Partners Inc. asking for revisions to a Securities and Exchange Commission filing by Nextel Partners in late June detailing the terms of a control premium in the affiliate's put option. That option,...
The second-quarter earnings race got off to a relatively solid start as Cingular Wireless L.L.C. and Nextel Communications Inc. posted financials largely in line with Wall Street expectations. The results-coupled with those from the handset and infrastructure markets-served to underpin predictions of continued growth...
OVERLAND PARK, Kan.-An Illinois judge will not issue a temporary restraining order to block Sprint Corp.'s acquisition of Nextel Communications Inc. Sprint affiliate iPCS Inc. requested the restraining order in its lawsuit against Sprint filed July 15. Affiliate iPCS alleges that Sprint's planned acquisition...
An Illinois judge will not issue a temporary restraining order to block Sprint Corp.'s acquisition of Nextel Communications Inc. Sprint affiliate iPCS Inc. requested the restraining order in its lawsuit against Sprint filed last Friday.iPCS alleges that Sprint's planned acquisition of Nextel will breach...
The line of Sprint Corp. wireless affiliates seeking injunctive relief expanded on Friday as iPCS Inc. filed a lawsuit seeking to prevent Sprint from violating its affiliate agreement in relation to its pending acquisition of Nextel Communications Inc. The suit claims that Sprint's pending...
Sprint Corp.'s pending acquisition of Nextel Communications Inc. has become a virtual soap opera, with numerous tit-for-tats that have cropped up ahead of the deal's expected closing later this quarter. The issues are not expected to thwart the deal's final outcome, though they could...
Following is a list of wireless companies that were cited in financial reports from investment banking and financial services firms this week.Pacific Growth Equities upgraded its rating on RF Micro Devices from equal weight to overweight on expectations of higher revenues generated by new...
Nextel Communications Inc. questioned the value of its affiliate Nextel Partners Inc. in relation to a put option Nextel Partners can trigger following Nextel's pending acquisition by Sprint Corp., which garnered shareholder approval yesterday.In a Securities and Exchange Commission filing, Nextel stated that Nextel...
Sprint Corp.'s pending acquisition of Nextel Communications Inc. received mixed news Wednesday as a Sprint wireless affiliate filed a lawsuit attempting to prevent Sprint from competing against the affiliate in its markets following the planned acquisition. On the positive side, the deal gained support...
