TITLE

TELECOMMUNICATIONS

PUB. DATE
January 2005
SOURCE
Investment Dealers' Digest;1/10/2005, Vol. 71 Issue 1, p68
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article presents information related to securities in the telecommunication sector in the U.S. Sprint Corp. and Nextel agreed to a $35 billion merger that creates the third-largest player in the rapidly consolidating U.S. wireless market. The new company, called Sprint Nextel, will have about $40 billion in combined annual revenue and 35.4 million wireless subscribers, trailing only Cingular Wireless and Verizon Wireless. Alltel was said to be close to a deal to acquire Western Wireless. If the deal is completed, Alltel will remain the country's sixth biggest carrier with close to 10 million U.S. subscribers.
ACCESSION #
15604306

 

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