Article: Sprint and Nextel confirm merger of equals.(Brief Article)

TELECOMWORLDWIRE-16 December 2004-Sprint and Nextel confirm merger of equals(C)1994-2004 M2 COMMUNICATIONS LTD http://www.m2.com

US telecomms companies Sprint (NYSE: FON) and Nextel (Nasdaq: NXTL) have announced that both boards of directors have approved a merger of equals that will create a new company called - Sprint Nextel.

Sprint Nextel will have a combined value of approximately USD70bn and will serve more than 35m customers through the combined networks and an additional 5m from partner and affiliate networks. According to a press release issued by Sprint Nextel the new company will provide both national and global wireless IP networks with an ...

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