sprint and nextel

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  • Created by: Priya
  • Created on: 22-11-12 18:14
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  • SPRINT AND NEXTEL.
    • SPRINT - personal cell phones and home service
    • NEXTEL - business/infrastructure/transportation
    • Takeover - 2005
      • however was unsuccessful
      • $35 billion
    • $35 billion
    • thought it would create a better communication family
    • at time of merge: sprint and nextel - third and fifth leaders in US mobile phone industry
    • however was unsuccessful
    • Nextel's technology different to Sprint's
    • Nextel's technology grew less popular over the years
    • previous year- Nextel lost 455,000 customers
    • Corporate cultures clashed
    • Companies stock price decreased by 11%
    • To cut expenses, they had to cut employees
    • Why did they do it?
      • thought it would create a better communication family
      • at time of merge: sprint and nextel - third and fifth leaders in US mobile phone industry

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