Nextel Assures on iDEN
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U.S. carrier Nextel Communications Inc. (Nasdaq: NXTL - message board) used its first-quarter results announcement yesterday to allay any fears over its immediate commitment to Motorola Inc.'s (NYSE: MOT - message board) iDEN technology, amid hopes that its $35 billion megamerger deal with Sprint Corp. (NYSE: FON - message board) will be approved by August.
Nextel currently runs a proprietary iDEN network developed by Motorola. The combined Sprint/Nextel business will, however, see Nextel eventually migrate its customer base to Sprint Wireless's (NYSE: PCS - message board) CDMA 1x EV-DO network (see Deal Solves Nextel 3G Dilemma).
Speaking on an earnings call for his company’s result...
(continues)
U.S. carrier Nextel Communications Inc. (Nasdaq: NXTL - message board) used its first-quarter results announcement yesterday to allay any fears over its immediate commitment to Motorola Inc.'s (NYSE: MOT - message board) iDEN technology, amid hopes that its $35 billion megamerger deal with Sprint Corp. (NYSE: FON - message board) will be approved by August.
Nextel currently runs a proprietary iDEN network developed by Motorola. The combined Sprint/Nextel business will, however, see Nextel eventually migrate its customer base to Sprint Wireless's (NYSE: PCS - message board) CDMA 1x EV-DO network (see Deal Solves Nextel 3G Dilemma).
Speaking on an earnings call for his company’s result...
(continues)
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