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On December 15, 2004, Sprint Corporation and Nextel Communications announced they would merge to form Sprint Nextel Corporation. [51] The merger was transacted as a purchase of Nextel Communications by Sprint Corporation for tax reasons; Sprint purchased 50.1 percent of Nextel. At the time of the merger announcement, Sprint and Nextel were the ...
In 2003, Verizon Wireless and Sprint PCS each launched push-to-talk features, with Cingular following in 2005. None have gained significant traction. Nextel and Verizon had entered a legal battle in June 2003 over Verizon's advertising for their push-to-talk feature. The companies reached a settlement in early 2004.
It was founded as a joint venture between Peter Adderton, Craig Cooper, Kirt McMaster, and Nextel Communications in 2001. [2] [3] It was purchased by Nextel in 2003 and, as a result of the merger between Sprint Corporation and Nextel, then became owned by Sprint in 2005.
The ongoing merger (or majority stake) saga at Sprint Nextel Corp. (NYSE: S) may finally be coming to a close. The analysts at Argus feel confident that the Softbank/Sprint merger has a reasonably ...
Sprint Nextel (S) shares battled back Tuesday after being pummeled by AT&T's surprise $39 billion T-Mobile merger announcement the day before. While the nation's No. 3 carrier doesn't have a sexy ...
Reports suggest Sprint Nextel may be considering an offer for T-Mobile US . While a combination between the third and fourth largest U.S. wireless providers might be If Sprint and T-Mobile Merge ...
Among the latest acquisitions is Verizon's agreement to buyout longtime partner Vodafone's 45% share in Verizon Wireless. Just before this we saw both Sprint and T-Mobile complete major. The ...
In 1993, Sprint merged with Centel, [8] which allowed Sprint to provide local service in a total of 18 states and put them back in the wireless business. In late 1994 and early 1995, Sprint via Sprint Spectrum (a joint venture between Sprint and several cable companies) acquired near nationwide PCS spectrum.
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