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Verizon Becoming A Player In Nextel/Sprint Merger
By Chris Richardson
Staff Writer
Article Date: 2004-12-14
The potential merger between mobile phone companies Sprint and Nextel may have just hit a bump in the road.
In a move similar to the PeopleSoft/Oracle merger, apparently mobile service provider Verizon is attempting to grab a piece of this pie by making a secret takeover bid for Sprint PCS.
According to SprintPCSInfo, Verizon made a secret bid in order to facilitate a merger between the two companies. A statement from the page gives some insight into why Verizon is attempting this move, "Verizon, facing a double threat of a Nextel/Sprint merger and a New Cingular, received approval from Vodaphone (who owns a 45% share of Verizon Wireless) to attempt to merge with Sprint."
If the two companies did merge, the resulting company would have a customer base of 65 million people; 35 million more than the Sprint/Nextel merger would yield.
About the Author:
Chris Richardson is a search engine writer and editor for WebProNews. Visit WebProNews for the latest search news.
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