According to many reports (e.g. Sprint in talks to buy Nextel for $36B and Sprint, Nextel close to merger) Sprint and Nextel have tentatively agreed on key terms for Sprint to buy Nextel for $36-billion
Regulatory hurdles are expected to be low since federal regulators recently approved the $41-billion acquisition of AT&T Wireless by Cingular.
This makes a lot of sense. Sprint are able to consolidate their No. 3 position behind Cingular and Verizon. Spectrally, such a deal offers many synergies. Sprint’s spectrum in the PCS band is adjacent to the band Nextel are expected to receive through the FCC’s 800MHz rebanding requirement. Furthermore, Nextel have been investigating CDMA technologies to replace their existing iDEN systems.