Moody's Downgrades Sprint Rating Nov 21, 2009
Moody's, which holds a "Negative" outlook for Sprint's ratings, also kept its "Baa2" rating for the company's bank credit facility and the "Ba2" rating for Nextel Communications' debt. Moody's also reiterated its "SGL-1" speculative grade liquidity rating for Sprint. (ABC News -- Wire)
Sprint to acquire iPCS in $831M deal Oct 20, 2009
Legal fights between the two companies began after Sprint's acquisition of then Reston-based Nextel Communications in 2005. Sprint (NYSE: S) has 49 million subscribers. (Albany Business Review, NY)
Sprint sued over Virgin Mobile deal Sep 15, 2009
That suit also was based on claims that Sprint violated agreements not to compete with wireless affiliates, in that case through the 2005 purchase of Nextel Communications Inc. iPCS also filed a separate lawsuit, which is still in litigation, related to Sprint s deal to turn over its WiMax assets to Kirkland-based. Sprint is the nation s No. 3 wireless carrier, with about 49 million customers. (Puget Sound Business Journal, WA)
Sprint Persuades Judge to Reject Class-Action Lawsuit Over Taxes, Refunds Jun 25, 2009
Sprint will sell parts of the network it acquired in the 2005 purchase of Nextel Communications Inc., company officials said June 12. A state court judge ruled in 2006 that the operations infringe on the territorial rights of , which sells Sprint-branded service in the area as an affiliate. (Bloomberg -- US)
There's a lot riding on Palm Pre's launch Jun 3, 2009
But that has been overshadowed by missteps after Sprint's 2005 purchase of Nextel Communications such as unfocused marketing and difficulty meshing the two organizations. Meanwhile Sprint's competitors have pushed snazzy smart phones such as the iPhone at AT&T and the BlackBerry Storm at Verizon Wireless. (MSNBC -- Technology)
NII Holdings to Host Conference Call Apr 9, 2009
Nextel, the Nextel logo, Nextel Online, Nextel Business Networks and Nextel Direct Connect are trademarks and/or service marks of Nextel Communications, Inc.. "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995. (PR Newswire)
Sprint Is Champion of S&P 500 Index as Hope Springs Eternal: Chart of Day Apr 9, 2009
Sprints subscriber defections began after the Nextel Communications Inc. acquisition in 2005 amid complaints about poor call quality and customer service. Sprint, the third-largest U.S. mobile-phone carrier behind Verizon Wireless and AT&T Inc., fell 8 cents to $4. (Bloomberg)
Business briefs Apr 7, 2009
MCI WorldCom Inc. is in negotiations to buy Nextel Communications Inc. in another attempt to break into the $33 billion U.S. wireless telephone business, according to a person familiar with the situation. The discussions are still in the early stages and no deal is expected for at least a week, the source said. (Racine Journal Times, WI)
Easley, Rick Hendrick gain from friendship Mar 29, 2009
Oct. 9 2003: Easley used Hendrick's car museum in Concord to host a reception honoring Nextel Communications, then sponsor of NASCAR's top racing series. Dec. 15, 2003: Motorsports association announces grant money awarded for economic study of racing industry. (News & Observer)
Sprint Nextel reports loss as subscribers leave Feb 20, 2009
6 billion fourth-quarter loss Thursday as it wrote off the remaining value of its 2005 purchase of Nextel Communications and continued to lose subscribers and revenue. But its adjusted loss was better than expected by Wall Street, and the company predicted a smaller number of customer losses in the coming year. (International Herald Tribune -- Business)
