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Archive for Thursday, May 12, 2005

FCC seeks data in Sprint, Nextel merger

May 12, 2005

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— The Federal Communications Commission has asked Sprint Corp., Nextel Communications Inc. and many of their competitors for additional information as part of the agency's review of the proposed Sprint-Nextel merger.

FCC officials asked the companies to submit information on their wireless plans, including the number of subscribers in each plan, the plans' features, monthly revenue from each plan during the past year and the amount of time customers use for phone calls, Internet surfing or text messages.

The companies have until May 20 to provide the information.

Sprint spokesman James Fisher said the company provided similar information during the FCC review last year of the Cingular Wireless' acquisition of AT&T Wireless.

Sprint shares rose 21 cents, or 0.96 percent, to $22.17 per share Wednesday on the New York Stock Exchange. Nextel rose 18 cents, or 0.64 percent, to $28.17 on the NYSE.

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