December 11, 2004 |
Sprint Corp. moved closer to an agreement to buy Nextel Communications Inc. for more than $36 billion in a mostly stock deal, sources familiar with the situation said Friday. The companies, which have held on-again, off-again talks in the last year, renewed negotiations in recent days for a merger that would create a wireless giant with 39 million customers.
September 23, 1994 |
Nextel Communications Inc. on Thursday launched a digital wireless communications service in California, a first step in the company's ambitious plan to create a nationwide system to compete with traditional cellular phones. Aimed initially at businesses, Nextel's phone is larger than a typical cellular phone, but can be used for a range of communications including paging and two-way radio dispatch. The Rutherford, N.J.-based firm, backed by Motorola Inc.
November 25, 1999 |
In a decision that could pave the way for wireless carrier Nextel Communications Inc. to acquire valuable licenses to offer service in such areas as Los Angeles, the U.S. 2nd Circuit Court of Appeals in New York reversed a Bankruptcy Court ruling that had favored Nextel competitor NextWave Telecom Inc. The appeals court sent the case back to the Bankruptcy Court, which is presiding over the reorganization of NextWave, a Hawthorne, N.Y., wireless carrier. NextWave had bid $4.
November 3, 2004 |
Verizon Wireless and Nextel Communications Inc. said Tuesday that they had resolved disputes over U.S. airwaves and trademark names, ending a 15-month legal battle between the mobile phone service providers. Verizon Wireless, the second-largest U.S. mobile phone carrier, said it wouldn't challenge a government decision to allow Nextel to swap airwaves worth as much as $4.86 billion. In return, Reston, Va.
July 25, 2001 |
Nextel Communications Inc., the wireless-telephone company controlled by Craig McCaw, and AT&T Wireless Services Inc., which McCaw sold to AT&T Corp. in 1994, reported second-quarter losses Tuesday as they spent more to draw customers. Analysts said they were pleased with the two companies' performances in the key measures of revenue, cash flow, customer turnover, subscriber growth and cost to acquire each customer.
December 10, 2004 |
Sprint Corp., the No. 3 U.S. mobile phone company, and Nextel Communications Inc. are in talks about a possible merger, people familiar with the matter said Thursday. A merger would combine Sprint with the fifth-largest U.S. mobile phone company and create a provider with a market value of about $70 billion. Pressure on mobile phone companies to increase in size has grown since Cingular became Cingular Wireless in October through the purchase of AT&T Wireless Services for $41.
June 7, 1994 |
Nextel Communications Inc. said Monday that it will invest $165 million for a 22% stake in Corporacion Mobilcom of Mexico, creating the first seamless, all-digital wireless communications network in North America. Rutherford, N.J.-based Nextel, which provides mobile radio services in major U.S. cities, recently announced a similar deal with Clearnet Communications Inc., a leading Canadian wireless communications company. Under the tentative agreement, Nextel would buy $122.
December 22, 1999
Nextel Communications Inc. said it plans a $3-billion hostile bid for NextWave Telecom Inc. and asked federal regulators to rule on a plan to pay $5.3 billion for NextWave's unused wireless phone licenses. The Nextel offer, made in a filing at the Federal Communications Commission, raises the stakes for the 56 licenses NextWave won for $4.7 billion in a 1996 auction, though never developed.
November 24, 1999 |
Nextel Communications Inc., the wireless telecommunications firm known for building two-way radios into its cell phones, plans to hire 600 to 800 employees next year at its Orange County facilities. The hiring spree comes on the heels of the Reston, Va., company's restructuring of its Western operations, officials said Tuesday. Currently, the company has about 450 employees in Orange County out of 1,037 statewide.
November 1, 1997 |
Wendy P. McCaw, the former wife of cellular telephone pioneer Craig O. McCaw, received major stakes worth at least $460 million in Nextel Communications Inc. and Nextlink Communications Inc. as part of their divorce settlement, a regulatory filing showed Friday. The couple, who married in 1974 and have no children, "reached an amicable settlement in their marital dissolution" Oct. 10, according to a statement they issued. It said that the terms of the settlement would remain confidential.