RSSFCC Approves Sprint-Nextel Merger
By Ed Oswald | Published August 3, 2005, 7:52 PM
Sprint and Nextel received FCC approval Wednesday afternoon to complete a $35 billion merger the two companies agreed to on December 15. The newly formed carrier, to be called Sprint Nextel, will have a combined 44.4 million subscribers, the third largest carrier behind Cingular and Verizon. The merger is expected to close shortly, the companies say.
"We'd like to thank the Commissioners and staff at the FCC for the many long hours and thoughtful review they've given this proposed merger," said Gary Forsee, chairman and CEO of Sprint. "The combined company will enable us to bring stronger wireless competition to all customers, expand our portfolio of consumer devices and data services that focus on content, media and entertainment, and deliver enhanced business and government applications that truly bring to life the convergence model of tomorrow."
your merge is strong ! thanks for merging !
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|Oh Holy Crap.
How exactly are pooling companies TOGETHER able to make stronger competition? Now Cingular and SprintNextel can merge. LOL
But for real....this is really evil. Tmobile is a good service. The only one that still offers unlimited net and text/buddy messages. That alone is something to think about. These 2 huge companies are going to definately kill the smaller ones.
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|Aren't there reports of T-Mobile being bought out by some British company? Thought I heard that somewhere.
Also, it's really going to suck for Nextel subscribers when they call have to buy new CDMA phones to replace their aging Nextel network (I forget what it's called) phones.
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|Nextel have said that they are keeping their iDEN network around, as it's still going strong.
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|T Mobile should be swallowed up by SOMETHING, Verizon or not LOL.
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|Anybody else feel cold? LOL
Cingular and ATT, now Sprint & Nextel. T-mobile and Verizon next maybe?
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|T-mobile is owned by the germans and they are losing money and their technology is so old that the germans are thinking of selling.
The mergers will help. yes it looks bad but this will have more real competition. Right now the little companies have no threat and 3 big companies will have a bigger threat to each other. Think intel/Amd and how competition is helping us :).
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