TELECOM Digest OnLine - Sorted: Sprint, Nextel Complete Merger

Sprint, Nextel Complete Merger

Consumer Affairs (
Fri, 19 Aug 2005 23:37:46 -0500

Sprint and Nextel have officially completed their $35 billion merger,
although subscribers won't see the effects for at least the next few
weeks. Sometime next month, subscribers will be able to switch from
one provider to the other without paying cancellation fees.

. Sprint, Nextel Complete Merger
. FCC Clears Sprint, Nextel Merger
. Shareholders OK Sprint, Nextel Merger
. Sprint and Nextel Make It Official
. Sprint, Nextel Merger May Be Next
. Verizon In Bid For Sprint?

Also, customers whose plans include free in-network calling will
be able to call free to both Sprint and Nextel customers sometime next
month, the company said.

The merger solidifies Sprint Nextel's hold on the #3 position among
U.S. wireless carriers with 44 million subscribers. It trails No. 2
Verizon Wireless, with 45.5 million subscribers, and No. 1 Cingular
Wireless, with more than 50 million subscribers.

The merger creates a company with 80,000 employees nationwide. In a
blow to the Kansas City area, where Sprint has been located since its
founding, the new entity's headquarters will be in Reston, Va., where
Nextel got its start. The new company will maintain its operations
center in suburban Overland Park, Kansas.

Sprint Nextel will concentrate on the wireless business, selling off
the local telephone businesses Sprint operates in 18 states. The local
telephone business has been steadily losing subscribers while Sprint
and Nextel have each grown their wireless businesses nearly 10 percent
in the eight months since the merger was announced.

Sprint Nextel's combined networks cover approximately 268 million people.

Sprint was founded in 1899 by Cleyson Brown under the Brown Telephone
Company name in the small town of Abilene, Kansas. It was a landline
telephone company that operated as a competitor to the Bell System. In
the mid 20th century, Brown changed its name to United Utilities. That
company changed its name to United Telecommunications in 1972, as it
began to offer a more diversified product range.

In 1986, the company launched its long distance services under the
Sprint brand name. As more people became familiar with the Sprint name,
the company changed its from United to Sprint Corporation in 1992.

In 1995, the company began to offer wireless service under the
Sprint PCS brand.

NEXTEL was founded as FleetCall in 1987, promoting its "push-to-talk"
feature. It changed its name to NEXTEL Communications in 1993.

Copyright 2005

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