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Article: Sprint and Nextel confirm merger of equals.(Brief Article)
- Article from:
- Telecomworldwire
- Article date:
- December 16, 2004
CopyrightCOPYRIGHT 2004 M2 Communications Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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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 ...