Business Services Industry

Sprint merger momentum builds.

Knight Ridder/Tribune Business News, December, 2004

The Kansas City Star, Mo. Knight Ridder/Tribune Business News

Dec. 15--KANSAS CITY, Mo. -- Sprint Corp. executives flew to New York on Tuesday evening to announce that they had reached a deal to merge with Nextel Communications, a smaller wireless rival.

A formal announcement at the St. Regis Hotel this morning is expected to end a week of rampant speculation and address community angst about the future of the Kansas City area's largest corporate employer.

The proposed Sprint-Nextel deal still would require the approval of shareholders and regulators. In the meantime, other companies in the highly competitive wireless industry could launch a variety of strategic countermoves.

The Sprint-Nextel deal has stirred excitement on...

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