Sprint, Nextel set for $35B merger
Sprint, Nextel set for $35B merger - reports (FON, PCS, NXTL) By August Cole
SAN FRANCISCO (CBS.MW) -- Sprint Corp. (FON) (PCS) and Nextel Communications (NXTL) have reportedly reached a $35 billion deal that would be a merger of two telecom giants. The Wall Street Journal reported Friday afternoon that the two companies have reached a "tentative agreement" for a merger of equals. Earlier, financial news channel CNBC reported that Sprint would exchange 1.3 of its shares for each share of Nextel. The deal, which includes cash, would be worth $35 billion, CNBC said. Sprint's chief executive would be the CEO of the combined company while Nextel's CEO would become the chairman, CNBC reported
SAN FRANCISCO (CBS.MW) -- Sprint Corp. (FON) (PCS) and Nextel Communications (NXTL) have reportedly reached a $35 billion deal that would be a merger of two telecom giants. The Wall Street Journal reported Friday afternoon that the two companies have reached a "tentative agreement" for a merger of equals. Earlier, financial news channel CNBC reported that Sprint would exchange 1.3 of its shares for each share of Nextel. The deal, which includes cash, would be worth $35 billion, CNBC said. Sprint's chief executive would be the CEO of the combined company while Nextel's CEO would become the chairman, CNBC reported
...
I read that same thing on the home page. 🙂 WILD! All these companies are merging. Sprint-Nextel, Cingular-AT&T. What do you think will happen next? Tmobile-Verizon....THAT WOULD BE HUGE!!! They would be the top supergiants.
...
im not exactly sure what would happen next. the question now comes to what COULD happen next? meaning now since a lot of the players have merged or but out what will the doj, fcc, and the ftc do with future potential mergers. maybe if the smaller companies come together but i think tmobile will have a hard time. tmobile and verizon wont happen.
i guess time will tell.
i guess time will tell.
...
Why didn't sprint just merger with verizon wireless since they are both cdma and verizon has much more customers than nextel does
...
a merger of this nature is not unprecedented. in Canada there is company called tellus they are a cdma carrier and a couple years back they bought MIKE, the Canadian carrier of iden. currently they are 2 separate networks with 2 separate plans but ran by the same company. now hear is the real kicker sprint has several technology sharing projects with many companies world wide. some of the bigger ventures are with the Canadian carriers specifically bell wireless and tellus.
this merger has been a long time in the making i am wondering if they are using tellus as a prototype.
the merger really does fit in with the history of the company though. for those of you who do not know they originally started out as a local telephone service in ...
(continues)
this merger has been a long time in the making i am wondering if they are using tellus as a prototype.
the merger really does fit in with the history of the company though. for those of you who do not know they originally started out as a local telephone service in ...
(continues)
...
"in my opinion it all makes since"
sense or since? well regardless sprint and nextel combined will be a very strong company.. iden/cdma networks sound good, dual phones sound better.
sense or since? well regardless sprint and nextel combined will be a very strong company.. iden/cdma networks sound good, dual phones sound better.
...
ghettoknight92 said:
I read that same thing on the home page. 🙂 WILD! All these companies are merging. Sprint-Nextel, Cingular-AT&T. What do you think will happen next? Tmobile-Verizon....THAT WOULD BE HUGE!!! They would be the top supergiants.
Cingular + AT&T Wireless = The New Cingular
Sprint PCS + Nextel = The Next Sprint (Indepent or merged, they'll still suck as ever though)
Verizon + T-Mobile = Top of the world!
...
Verizon + T-mobile = doubtful
T-mobile + Alltell = more likely
Verizon + T-mobile could be construed as a monoploy, and the fcc and all those other groups would lay the smack down on them.
T-mobile + Alltell = more likely
Verizon + T-mobile could be construed as a monoploy, and the fcc and all those other groups would lay the smack down on them.
...
I could see Verizon trying to do it to get a grab on the GSM market. 😁 No, I know it's not feasible, but it'd be funny to see them jump ship on the cdma market.
...
sunilsonia said:ghettoknight92 said:
I read that same thing on the home page. 🙂 WILD! All these companies are merging. Sprint-Nextel, Cingular-AT&T. What do you think will happen next? Tmobile-Verizon....THAT WOULD BE HUGE!!! They would be the top supergiants.
Cingular + AT&T Wireless = The New Cingular
Sprint PCS + Nextel = The Next Sprint (Indepent or merged, they'll still suck as ever though)
Verizon + T-Mobile = Top of the world!
Verizon sucks, T-mobile is gsm and they suck even more, ive had both, nextel has worked out the best for me
...
Sprint + Nextel = 1 big overloaded network
Verizon + TMobile = Doubtful
TMobile + At least 2 years for 3G = Goodbye
Verizon + TMobile = Doubtful
TMobile + At least 2 years for 3G = Goodbye
...
