January 2005
Investment Dealers' Digest;1/10/2005, Vol. 71 Issue 1, p68
Trade Publication
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.


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