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Article: Sprint and Nextel to combine in merger of equals.(Industry news)
- Article from:
- Digital Imaging Digest
- Article date:
- February 1, 2005
CopyrightCOPYRIGHT 2005 PMA Magazine. 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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Sprint, Overland Park, Kan., and Nextel Communications Inc., Reston, Va., announce their boards of directors unanimously approved a definitive agreement for a merger of equals. The combination will create a leading wireless carrier augmented by a global IP network that will offer consumer, business, and government customers broadband wireless and integrated communications services.
The new company, which will be called Sprint Nextel, also intends to spin off to its shareholders the Sprint local telecommunications business following the merger. Sprint Nextel will have its executive headquarters in Reston, Va., and its operational headquarters in Overland Park, ...