Nextel says to comply with Nextel Partners pact
So, it looks like the brand name, post-merger, for Sprint-Nextel won't simply be Sprint after all. It looks like this is not the last chapter in this M&A saga.
Via Reuters:
Nextel Communications Inc. said on Wednesday it will fully comply with its obligations to Nextel Partners Inc., after complaints that Sprint Corp.'s proposed takeover violates its agreements with Nextel Partners.
The comments in a regulatory filing come a day after Nextel Partners -- a provider of wireless services under the Nextel brand -- said it filed a lawsuit against Nextel Communications over branding concerns related to the merger.
Nextel Communications said it is continuing to refine its post-merger branding strategy with Sprint and it will comply with agreements with Nextel Partners. The $36 billion Sprint/ Nextel deal is expected to close in August.
posted by Fergie @ 7/06/2005 01:20:00 PM
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