May 4, 2004 |
Nextel Communications Inc. offered to pay an additional $362 million to clear some local-TV operations from airwaves the company wants as part of a plan to cut interference between police radios and mobile phones. The amount is in addition to $850 million Nextel has offered to pay to reprogram radios for police and other users that would switch frequencies to a different part of the radio spectrum. The Reston, Va.
March 7, 2003 |
Craig McCaw is relinquishing control of Nextel Communications Inc., the company he helped build into the fifth-biggest provider of mobile-phone service in the U.S. McCaw, 53, will reduce his stake in Nextel to less than 5% from more than 10%, losing the right to three of 11 board seats. Shares of Reston, Va.-based Nextel shares slipped 42 cents, or 3.3%, to $12.47 on Nasdaq.
February 18, 2005 |
Nextel Communications Inc., the wireless telephone company being bought by Sprint Corp., said fourth-quarter profit fell 26%. Sales surged, led by the company's Boost Mobile unit aimed at younger clients. Net income dropped to $471 million, or 41 cents a share, from $634 million, or 55 cents, a year earlier, when the company had a gain from the sale of investments. Sales rose 19%, the Reston, Va.-based company said. Profit was cut by an income tax provision of $232 million.
May 2, 1995
American Mobile Systems Inc., a Woodland Hills company that provides mobile radio services in Florida, agreed last week to be acquired by wireless communications giant Nextel Communications Inc. in a stock deal valued at about $65 million. Nextel, based in New Rutherford, N.J., already owns about 10% of American Mobile's shares.
April 7, 1999
MCI WorldCom Inc., the No. 2 U.S. long-distance company, is in preliminary talks to buy wireless phone company Nextel Communications Inc., people familiar with the matter told Reuters. The companies declined comment. A deal could be blocked by several factors, including price, Nextel's substantial $7.7-billion debt, and the aversion of MCI Chief Executive Bernie Ebbers to acquisitions that hurt the company's profit, industry sources said.
March 16, 2001
* Applied Materials Inc., the biggest supplier of equipment used to make computer chips, said it is paring its work force to cut costs. The Santa Clara, Calif.-based company said it offered voluntary separation packages to about 1,000 employees, mostly in Santa Clara and Austin, Texas. The company has about 22,000 employees. Shares fell $2.06 to $46.13 on Nasdaq. * Intel Corp. said it will streamline its operations by combining its communications products and network groups.