Sprint Nextel Corp. reported a five-year agreement with the National Football League for the wireless carrier's Sprint-branded service to become the official wireless telecommunications service sponsor of the NFL. The agreement also provides Sprint Nextel with exclusive NFL content and original programming.Financial terms of...
The most unlikely of technology mergers has begun as Sprint Corp. announced Friday that it closed its $35 billion acquisition of Nextel Communications Inc. The new Sprint Nextel Corp. will begin trading under the "S" ticker symbol this week. The closing date, which Sprint...
Sprint Corp. closed on its $35 billion acquisition of Nextel Communications Inc. in a deal that will strengthen its position as the industry's third-largest wireless operator with nearly 40 million direct subscribers and 44 million customers, including network partners. "This is a great day...
Sprint Corp. said it intends to close on its pending $35 billion acquisition of Nextel Communications Inc. Aug. 12. The deal garnered Federal Communications Commission approval last week, and according to Sprint, has received all required regulatory approvals.The combined Sprint Nextel Corp. will serve...
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...
Standard & Poor's Ratings Services Inc. offered a positive outlook on Sprint Corp.'s acquisition of Nextel Communications Inc. "Upon completion of the merger between the two companies, likely to close within the next few weeks, we expect to raise our corporate credit and senior...
RESTON, Va.-Nextel Communications Inc. moved closer to completing its merger with Sprint Corp. Friday, announcing that it has received permission from shareholders to exchange three series of redeemable notes.The carrier said it will replace the following senior serial redeemable notes with Sprint Nextel shares...
The Federal Communications Commission approved Sprint Corp.'s pending acquisition of Nextel Communications Inc., which will bolster Sprint's position as the industry's third-largest operator with more than 40 million subscribers. According to Sprint, the FCC approval completes all required regulatory approvals for the acquisition, and...
WASHINGTON-Nextel Communications Inc. told the Federal Communications Commission last month that it will not meet the Dec. 31 deadline to have 95 percent of its handset base capable of locating 911 callers."Sprint Nextel would likely achieve 80-percent to 85-percent handset penetration by the end...
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...
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'...
OVERLAND PARK, Kan.-Sprint Corp. and Nextel Communications Inc. named Judith Muhlberg senior vice president of corporate communications for Sprint Nextel Corp. following Sprint's pending acquisition of Nextel, which is expected to close during the third quarter. Muhlberg will report to Gary Forsee, Sprint Nextel...
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...
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...
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...
What value should the government place on the spectrum at 2.5 GHz owned by Sprint Corp. and the company its plans to acquire soon, Nextel Communications Inc.? How should the Federal Communications Commission regulate spectrum for a service that doesn't exist-yet?Some consumer groups and...
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...
Sprint Corp. and Nextel Communications Inc. unveiled the planned branding efforts and a new logo to be used following Sprint's pending acquisition of Nextel, which is expected to be completed during the third quarter of this year. The new company, which to this...
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...
WASHINGTON-Sprint Corp. and Nextel Communications Inc. reported that their respective shareholders plan to vote on Sprint's pending $35 billion acquisition of Nextel on July 13. The votes will be cast at each carrier's respective annual meetings scheduled for that day.The deal calls for each...
OVERLAND PARK, Kan.-Sprint Corp. reported a deal with Intel Corp. to engage in joint efforts to advance development of the 802.16e WiMAX standard. The deal calls for both companies to collaborate on technical specification, perform equipment trials and conduct interoperability testing to examine possible...
Sprint Corp. reported a deal with Intel Corp. to engage in joint efforts to advance development of the 802.16e WiMAX standard. The deal calls for both companies to collaborate on technical specification, perform equipment trials and conduct interoperability testing to examine possible wireless broadband...
Wireless carriers' spectrum positions have changed radically during the past six months due to industry consolidation, spectrum auctions and other spectrum deals. These changes have been driven mostly by the country's larger operators, which-in addition to supporting an increasing number of wireless subscribers-are being...
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,...
