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Nextel Communications, Inc. was an American wireless service operator that merged with and ceased to exist as a subsidiary of Sprint Corporation, which would later be bought by T-Mobile US and folded into that company.
Embarq Corporation was the largest independent local exchange carrier in the United States (below the Baby Bells), [2] serving customers in 18 states and providing local, long-distance, high-speed data and wireless services to residential and business customers.
Sprint's acquisition of Nextel was a disaster from a fiscal standpoint in 2008, the company wrote down $29.7 billion of the $36 billion sum it had paid for Nextel in 2005, wiping out 80 percent of the value of Nextel at the time it had been acquired. [58]
The much anticipated deal for Softbank to buy 70% of Sprint Nextel Corp. (NYSE: S) was announced by the companies. The price was a bit higher than expected at $21.1 billion. Sprint shareholders ...
Boost Mobile 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.
Within four years Nextel grew significantly to become a challenging wireless competitor, servicing 3.6 million customers throughout the U.S. and ten of the largest international markets. [3] In 1999 McCaw formed Nextel Partners, Inc. which was later acquired by Sprint Nextel, Inc. , for $6.5 billion in 2006, following a $36 billion merger ...
Sprint Nextel (S) announced today a plan to upgrade its network over the next three to five years, aiming to save billions of dollars in the process. The third largest U.S. mobile-phone carrier ...
Brian McAuley (born 1941) is an American entrepreneur and co-founder of Nextel Communications. [1] [2]In 1987, McAuley was a cellular executive when he and lawyer Morgan O'Brien founded Fleet Call, a telecom company, in New Jersey. [3]