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Sprint (S) sees lawsuit over 2005 Nextel merger disaster

Posted Mar 13th 2009 8:00AM by Brian White (RSS feed)
Filed under: Bad News, Sprint Nextel Corp (S)

Sprint Nextel Corp. (NYSE: S) was the worst telecom merger in recent memory. The $35 billion merger in 2005 was intended to keep Sprint from becoming a smaller player in the wireless market as competitors were combining and becoming wireless powerhouses.

The only problem was that Sprint and Nextel merged but appeared to keep everything separate. In effect, very little "merged" at all.

Continue reading Sprint (S) sees lawsuit over 2005 Nextel merger disaster

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