Sprint Nextel will buy affiliate for $6.5B and Molina Healthcare taps AT&T for advanced IP-based network.

0 Comments | M2 Presswire, December, 2005

M2 PRESSWIRE-21 December 2005-US Financial Network: Sprint Nextel will buy affiliate for $6.5B and Molina Healthcare taps AT&T for advanced IP-based network(C)1994-2005 M2 COMMUNICATIONS LTD RDATE:21122005 City of Industry, CA - Wireless Communication industry news provided by Financial News USA (OTC: FNWU) Sprint Nextel Corp.

(NYSE: S) will buy wireless affiliate Nextel Partners Inc. for $28.50 a share, or $6.5 billion. In a written release Tuesday, the companies said the $6.5 billion figure includes amounts payable upon conversion of debt securities and settlement of options. The transaction implies an enterprise value for Nextel Partners of about $10 billion, the companies said. Sprint Nextel owns about a third of Nextel Partners. Because the appraisers'...