Business Services Industry
Sprint, Nextel announce merger.
Knight Ridder/Tribune Business News, December, 2004
The Kansas City Star, Mo. Knight Ridder/Tribune Business News
Dec. 16--NEW YORK -- Kansas City is losing a corporate headquarters, but its largest employer is picking up 15 million customers.
Sprint Corp. and Nextel Communications made it official Wednesday, announcing they had agreed to a blockbuster merger that would alter Kansas City's corporate hierarchy and significantly bulk up the nation's third-largest wireless company.
The $35 billion transaction, which will result in a combined company worth about $71 billion, calls for the new company, Sprint Nextel, to be headquartered in Nextel's hometown, Reston, Va.
The company's operational headquarters will be in Overland Park, Kan.
As part of the proposed merger,...
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