Business Services Industry
Sprint board to meet amid reports that a merger with Nextel is near.
Knight Ridder/Tribune Business News, December, 2004
The Kansas City Star, Mo. Knight Ridder/Tribune Business News
Dec. 11--Members of Sprint Corp.'s board of directors are scheduled to gather here beginning Sunday amid a flurry of reports that the Overland Park telecommunications company is near a merger deal with Reston, Va.-based Nextel Communications.
The possible merger between the companies -- the country's third- and fifth-largest wireless carriers -- raced through financial markets Friday.
While neither company would confirm that a deal is in the works, industry observers, consumer advocates and investors took the speculation seriously.
As reports that Sprint would acquire Nextel for $36 billion hit newswires and Web sites, Sprint's stock, which had been climbing on news...
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