Sprint Nextel has agreed to purchase Nextel Partners for $6.5 billion in cash. The stock buyout will give Sprint full ownership of Nextel Partners, and will end the long-held standoff between Sprint and the iDEN affiliate. Upon regulatory approval, Nextel Partners customers will be able to switch to Sprint CDMA without paying an early termination fee.
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By Christopher Price on December 20, 2005
Christopher Price is the Founding Editor of PhoneNews.com. He's been campaigning for a more consumer-friendly cell phone since 2003. You can visit his personal blog at ChristopherPrice.net.