sprint and nextel
- 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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