Business Services Industry
Sprint, Nextel may be considering merger.
Knight Ridder/Tribune Business News, December, 2004
The Dallas Morning News Knight Ridder/Tribune Business News
Dec. 10--Like the beach warriors of "Survivor," the wireless industry may be readying to vote another player off the island.
Less than two months after Cingular Wireless bought AT&T Wireless Services in one of the year's biggest mergers, Sprint Corp. and Nextel Communications Inc. executives are reportedly contemplating a deal that would shrink the industry to four major players.
The Wall Street Journal, citing unnamed sources, said Thursday on its Web site that the two companies are discussing a "merger of equals" to gain sufficient heft to compete with Cingular and Verizon Wireless.
A Sprint spokesman declined comment. Nextel officials could not be reached for...
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