Sprint Corp.'s pending acquisition of Nextel Communications Inc. was thrown another curve last week as Nextel affiliate Nextel Partners Inc. sent a notice to Nextel claiming the deal and recently announced branding campaign would violate their current joint-venture agreement signed in early 1999. Nextel...
Nextel Communications Inc. responded to a complaint filed by its affiliate Nextel Partners Inc. earlier this week that claimed recent branding changes initiated by Nextel and soon-to-be parent company Sprint Corp. could harm Nextel Partners' operations and violate its affiliate agreement.Nextel noted in a...
KIRKLAND, Wash.-Nextel Partners Inc. delivered a Notice Invoking Alternate Dispute Resolution Process to Nextel Communications Inc. under its joint-venture agreement signed between the two companies in early 1999. According to a Securities and Exchange Commission filing, Nextel Partners said the notice claims that certain...
Sprint Corp.'s pending acquisition of Nextel Communications Inc. will endow the new operation with a substantial war chest of network and spectrum assets, including a significant swatch of spectrum in the 2.5 GHz spectrum band covering 80 percent of the country's population. While both...
Nextel Communications Inc., which is in the process of being acquired by Sprint Corp., reported in a government filing that the appraisal process associated with affiliate Nextel Partners Inc.'s put option that will be triggered following the acquisition could take at least four months...
Nextel Communications Inc., which is in the process of being acquired by Sprint Corp., reported in a government filing that the appraisal process associated with affiliate Nextel Partners Inc.'s put option that will be triggered following the acquisition could take at least four months...
Nextel Communications Inc. said it plans to trial a wireless broadband network using IPWireless Inc.'s UMTS TD-CDMA technology and the carrier's 2.5 GHz spectrum holdings. The trial, which is scheduled to begin during the third quarter, will cover portions of Washington, D.C.; Arlington, Alexandria...
Nextel Partners Inc. included a letter in a Securities and Exchange Commission filing that is to be sent to shareholders if the pending Sprint Corp. acquisition of Nextel Communications Inc. is approved that recommends that shareholders vote in favor of the carrier exercising its...
COLUMBIA, S.C.-Nextel Communications Inc. said it has added more than 3,800 square miles of coverage to its network in South Carolina. The expanded coverage includes the Interstate-26 and I-20 corridors as well as parts of Columbia, Charleston, Myrtle Beach, Greenville, Spartanburg, Florence, Orangeburg, Newberry,...
WASHINGTON-Sprint Corp. urged the Federal Communications Commission to refrain from getting involved in a controversial business arrangement it has with US Unwired Inc., an affiliated rural carrier that has asked regulators to condition any approval of the proposed $35 billion Sprint-Nextel Communications Inc. merger...
Following are wireless company and industry ratings changes made by financial services and investment banking firms this week.In a telecom services report, Merrill Lynch said it expects Verizon Wireless will gain share during the second quarter, while Cingular's growth will remain solid but slower....
COLUMBIA, S.C.-Nextel Communications Inc. said it has added more than 3,800 square miles of coverage to its network in South Carolina. The expanded coverage includes the Interstate-26 and I-20 corridors as well as parts of Columbia, Charleston, Myrtle Beach, Greenville, Spartanburg, Florence, Orangeburg, Newberry,...
WASHINGTON-The government's review of the proposed $35 billion merger between Sprint Corp. and Nextel Communications Inc. could be complicated by Sprint wireless affiliate US Unwired Inc. The affiliate made a surprise call for federal regulators either to reject the deal or require divestitures of...
KIRKLAND, Wash.-Nextel Partners Inc., via its wholly owned subsidiary Nextel Partners Operating Corp., said it expects to save $14 million in annual interest expenses due to a new $550 million tranche D term loan it is using to replace an existing $700 million tranche...
KIRKLAND, Wash.-Nextel Partners Inc., via its wholly owned subsidiary Nextel Partners Operating Corp., said it expects to save $14 million in annualized interest expenses due to a new $550 million tranche D term loan it is using to replace an existing $700 million tranche...
Following is a roundup of wireless companies that received ratings changes from financial services companies this week.JP Morgan lowered its rating on SpectraLink from neutral to underweight. The firm cited weak first-quarter results and second-quarter guidance along with three other factors for the downgrade....
Cingular Wireless L.L.C.'s tenure as the nation's fastest-growing wireless operator came to a screeching halt as Verizon Wireless took back the title it lost in 2004. Surpassing even the most optimistic forecasts, Verizon Wireless said it added 1.64 million subscribers during the first quarter,...
Nextel Partners Inc. posted strong first-quarter results led by company-record 99,400 net customer additions, compared with the 88,800 customers the carrier signed up during the first quarter of 2004. Nextel Partners ended the first quarter of this year with more than 1.7 million total...
Nextel Partners Inc. said it has entered into an agreement with TowerCo Inc. to purchase, construct and own 300 cell towers for an undisclosed amount. The agreement calls for TowerCo to purchase up to 92 existing towers from Nextel Partners, predominately in the carrier's...
KIRKLAND, Wash.-Nextel Partners Inc. said it plans to open at least 40 new company-owned stores this year, building on the 73 locations it had at the end of last year.So far this year, the company has opened stores in Harrisburg, Pa.; Augusta, Ga.; and...
Sprint Corp. Chief Operating Officer Len Lauer said the company plans to hold some cash in reserve following its pending acquisition of Nextel Communications Inc. to help fund additional requirements related to the deal or buy back stock. Lauer, speaking at Reuters Technology Summit,...
SAN FRANCISCO-Sprint Corp. Chief Operating Officer Len Lauer said the company plans to hold some cash in reserve following its pending acquisition of Nextel Communications Inc. to help fund additional requirements related to the deal or buy back stock. Lauer, speaking at Reuters Technology...
MAITLAND, Fla.-Nextel Communications Inc., which is in the process of merging with Sprint Corp., said it plans to invest $384 million in its Florida network in 2004 and 2005 to improve capacity and enhance coverage. The enhancements will include 500 new cell sites this...
WASHINGTON-Rural wireline carriers can no longer file tariffs with state commissions that charge wireless carriers to terminate calls, said the Federal Communications Commission Thursday, but did not say the termination tariffs were unlawful as requested by a group of carriers."Because the existing rules do...
