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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 third and fifth leading providers in the U.S. mobile phone industry, respectively. [52]
On July 26, 2019, the U.S. Department of Justice approved T-Mobile's $26 billion merger with Sprint after the two carriers reached an agreement to sell Boost Mobile, Virgin Mobile (both owned by Sprint), and Sprint's branded prepaid business for $1.4 billion to Dish Network. They would also sell to Dish $3.6 billion of 800 MHz spectrum, Sprint ...
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 ...
In late 2010, Sprint Nextel announced plans to decommission the Nextel iDEN network; on May 30, 2012, Sprint Nextel announced that it would shut down the Nextel network as early as June 2013. [4] The Nextel network was officially shut down at 12:01am on June 30, 2013, and Sprint began the process of deploying LTE equipment on the 800 MHz ...
The merger agreement between Sprint Nextel and Japan's SoftBank has been amended to include an additional $4.5 billion in cash consideration to Sprint shareholders, bringing that total to $16.64 ...
In a recent filing with the SEC, Sprint Nextel (NYS: S) has laid out the procedure by which the Japanese mobile operator SoftBank will acquire its 70% slice of Sprint. SoftBank has already created ...
The Rural Cellular Association (RCA), a trade group representing roughly 100 mobile carriers located in rural areas, expressed its opposition to the proposed merger between AT&T and T-Mobile, saying that the merger would stifle competition, harm innovation, and lead to higher prices. [21] Sprint Nextel also announced its opposition to the ...
What a week for Sprint Nextel (NYS: S) and its shareholders. The announcement on Oct. 15 that cellular behemoth Softbank of Japan will acquire a 70% stake in Sprint, providing much-needed support ...