Mike Temporale
12-10-2004, 03:30 PM
<div class='os_post_top_link'><a href='http://www.phonescoop.com/news/item.php?n=1027' target='_blank'>http://www.phonescoop.com/news/item.php?n=1027</a><br /><br /></div><i>"The Wall Street Journal is reporting that Sprint and Nextel are in ongoing merger talks. According to Journal sources, the deal is being treated as a merger of equals rather than an acquisition by one company of the other. The companies share similar market capitalizations of more than $30 billion. But the situation remains fluid; a deal isn't certain. A combined Sprint-Nextel would have roughly 38.5 million subscribers, compared with Cingular's 47 million, and Verizon Wireless's 42 million."</i><br /><br />Sounds like a win-win for Sprint and Nextel. However, T-Mobile isn't going to like it too much, because it would drop them to a distant forth place in terms of subscribers. As well, Motorola can't be too happy since Nextel exclusively uses Motorola's phones.