Sprint is close to an agreement to buy Nextel for more than $35 billion in a mostly stock deal, sources familiar with the situation said on Friday. A Sprint-Nextel merger, which would combine the No.

Sprint and Nextel Communications on Friday formally closed the merger they announced last Dec. 15, forming a mobile telecommunications behemoth called Sprint Nextel. The new company, with about 44 ...

The U.S. telecom sector has been consolidating through a series of deals in the past few years. The trend started with with AT&T’s acquisition of BellSouth for $86 billion in 2006, then continued with ...

#3 Wireless player T-Mobile is seeking to improve its competitive position by merging with Sprint. The deal would accelerate the development of the more rapid 5G network. Approval of the pending deal ...