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Nextel's iDEN network offered a then unique push-to-talk "walkie-talkie" feature in addition to direct-dialed voice calls. Nextel was one of the first providers in the United States to offer a national digital cellular coverage footprint. Prior to merging with Sprint Corporation in 2005, Nextel Communications, Inc. was a publicly traded company.
Prior to July 9, 2013, Sprint Nextel only owned a 50.8% equity interest in Clearwire Corporation; On December 17, 2012, Sprint Nextel agreed to pay US$2.97 per share, US$2.2 billion in total, to purchase the portion of Clearwire shares that Sprint Nextel did not already own. On June 20, 2013, Sprint Nextel increased its offer to $5 per share ...
In 1988, Telespectrum was sold to Centel for $763 million to fund United's purchase of an additional 30% of U.S. Sprint. This purchase gave United operational control of US Sprint. 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 ...
The following companies were formerly owned by Embarq, acquired in 2009, and formerly owned by Sprint Nextel or United Telephone until 2006. Centel companies are also included, which was purchased by Sprint in 1993. Carolina Telephone and Telegraph Company (North Carolina) Central Telephone Company (Nevada, North Carolina)
The new BCA gives an exchange ratio of 11.00 Sprint shares for each T-Mobile share, up from the original agreement of 9.75 Sprint shares. SoftBank, Sprint's owner, has agreed to surrender 48.8 million T-Mobile shares acquired in the merger to the New T-Mobile, making SoftBank's effective ratio of 11.31 shares per T-Mobile share.
DISH Network Proposes Merger with Sprint Nextel Corporation for $25.5 Billion U.S. technology leader with track record of disrupting entrenched incumbents presents superior alternative to pending ...
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.
Sprint Nextel (NYS: S) carries $22.6 billion of goodwill and other intangibles on its balance sheet. Sometimes goodwill, especially when it's excessive, can foreshadow problems down the road.