Technology Industry
Industry: Email Alert RSS FeedBig gulp; Sprint Nextel swallows largest affiliate.
RCR Wireless News, December, 2005
Byline: KELLY HILL
Sprint Nextel Corp. will purchase the 68 percent of Nextel Partners Inc. it does not currently control for $6.5 billion, the two companies have announced.
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The deal puts an end to contentious legal wrangling over how much Sprint Nextel would fork over to acquire Nextel Partners, and puts Sprint Nextel's largest affiliate in its pocket. That leaves only a handful of Sprint Nextel CDMA affiliates left to deal with before the company can take a breather from the turbulence caused by Sprint Corp.'s Aug. 12 acquisition of Nextel Communications Inc. Bear ...
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