Nextel, facing tough new competition, aims higher

Article Abstract:

Nextel Communications Inc. faces stiff competition in the future, and needs to add spectrum on a nationwide basis in order to compete with the likes of Verizon Wireless and others. So far Nextel manages to outperform larger rivals in billings and customer retention. It has tripled its market capitalization to $41 billion, and is trying to buy the wireless spectrum of NextWave Telecom Inc.

Planning

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Sprint retains hope in WorldCom deal; executives study options despite U.S. refection; partner seems resigned

Article Abstract:

The U.S. Justice Department said it would initiate an antitrust action to block the proposed merger of Sprint and WorldCom. Sprint CEO J. Richard Devlin says it is still too early to write off the deal. He said the Justice Department is being short sighted. Sprint shares are trading in the $50 per share range; WorldCom offered $76 per share. Observers say Sprint needs a partner to remain competitive. It's core long distance business revenues have suffered from fierce price pressure. Many employees left Sprint in anticipation of the merger. Deutsche Telekom, seeking a stronger U.S. presence, may bid for Sprint, if the WorldCom deal cannot be salvaged.

Asset sales & divestitures, Acquisitions & mergers, Germany, Wired Telecommunications Carriers, Telephone Communications, Long Distance Telephone Svc, Telephone communications, exc. radio, Statistical Data Included, Management, Telephone services, Long distance telephone services, Sprint Corp., WCOM, FON, Deutsche Telekom AG, MCI Inc., Devlin, J. Richard, Ebbers, Bernard J.

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Nextel withdraws its $8.3 billion hostile offer for NextWave

Article Abstract:

Nextel Communications Inc. has withdrawn its bid for NextWave Telecom Inc. now that it may be possible to acquire NextWave's wireless licenses directly from the Federal Communications Commission.

Radiotelephone communications, Cellular and Other Wireless Telecommunications, Regulation and Administration of Communications, Electric, Gas, and Other Utilities, Mobile Radio Services, Broadcasting-Frequency Allocation, Telecom Programs NEC, Laws, regulations and rules, Frequency allocation (Telecommunications), United States. Federal Communications Commission, Wireless communications services, Telecommunications policy, NextWave Telecom Inc.

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