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Government approves wireless Sprint Nextel merger
Regulators approve Sprint Corp and Nextel Communications $35 billion merger raising Sprint to a top U S wireless carrier. FCC and Justice Department clearance cited competition benefits while watchdogs warn of reduced major-player options. The combined firm will serve over 40 million customers with $40 billion in annual revenue and access Nextel s 15.3 million subscribers.
MENTIONED IN THIS ARTICLE
Wireless
Sprint-Nextel
Washington
Sprint Corp
Nextel Communications Inc
Sprint
United States
Federal Communications Commission
Justice Department
Commission
Kevin Martin
Jonathan Adelstein
Adelstein
Cingular Wireless
Verizon Wireless
Verizon
Cingular
Gene Kimmelman
Consumers Union
Consumer Reports Magazine
Kimmelman
Nextel