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Sprint, Nextel Merger May Be Next |
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December 10, 2004
Sprint is currently the number three U.S. wireless phone company and has recently invested heavily in infrastructure. The company has announced it will spend $3 billion over the next three years to upgrade its mobile network and develop high-speed Internet services. Sprint has over 26 million subscribers and produces more than $26 billion in operating revenue. Nextel boasts the largest all-digital wireless network in the country. It has just over 15 million subscribers, most of them businesses, which like Nextel's walkie-talkie "push to talk" instant connection feature. Sprint has also begun development of a walkie-talkie feature. Sprint, on the other hand, has a nationwide wireless data system, something Nextel would have to spend billions to develop. Nextel's management team is highly regarded, something that's never been said about Sprint's. Report Your Experience
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