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http://www.theregister.co.uk/2004/12..._nextel_talks/>
Sprint - the US's third biggest mobile telco - and fifth-place rival
Nextel are reportedly in talks about a possible merger. The deal
would create a carrier with approximately 39m subscribers and a
market value of around $70bn.
Market leader Cingular bought AT&T Wireless Services for $41.3bn in
October creating more pressure on rivals to increase their size in
order to compete effectively. The Wall Street Journal quotes unnamed
source in reporting that negotiations between Sprint and Nextel are
ongoing, but a deal is far from certain. Any agreement would almost
certainly be an all-share transaction, it adds.
The putative deal would consolidate Sprint's position in the number
three slot behind Cingular and Verizon Wireless and ahead of T-Mobile
while reducing the number of large US mobile-phone carriers from five
to four. A merger would give Sprint access to Nextel's business
customers, who tend to be more loyal and spend more than regular
consumers thanks in part to Nextel's popular "walkie-talkie" mobile
service. Meanwhile Cingular is further ahead than Verizon in
selecting technology to roll out 3G mobile services.
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Best regards, HELP FOR CINGULAR GSM & SONY ERICSSON PHONES:
John Navas <
http://navasgrp.home.att.net/#Cingular>