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Fortune 500 - Spot Number 157
Company Information
Name: Nextel Communications Inc
Industry: Communications Services
Description: Nextel Communications, a Fortune 300 company based in Reston, Va., is a leading provider of fully-integrated wireless voice and data communications services including Nextel Direct Connect(R)--the long-range digital walkie-talkie feature; high quality digital cellular services; Nextel Online(R) wireless data content and business solutions; and two-way messaging services. Nextel and Nextel Partners, Inc. have built the largest guaranteed all-digital wireless network covering 197 of the top 200 U.S. markets. Nextel's wireless voice and packet data communications services are available today in areas of the U.S. where approximately 239 million people live or work.
Financial Summary: NXTL provides a wide array of digital wireless communications services utilizing single transmission technology to customers throughout the U.S. For the six months ended 6/30/05, revenues rose 16% to $7.43B. Net income applicable to Common fell 42% to $1.11B. Revenues reflect higher service revenues due to an increase in the number of handsets in service. Net income was offset by the absence of a $26M gain on sale of investment.
Business Summary: Nextel Communications, Inc. is a provider of wireless communications services in the United States. The Company provides a suite of wireless services that include digital wireless mobile telephone service, walkie-talkie features, including its Nextel Direct Connect, Nextel Nationwide Direct Connect and Nextel International Direct Connect walkie-talkie features, and wireless data transmission services. The Company's targeted customer groups include small, medium and large businesses, government workers and individuals who utilize mobile communications features and services. As of December 31, 2004, the Company provided service to over 16.2 million subscribers, which consisted of 15 million subscribers of Nextel-branded service and 1.2 million subscribers of Boost Mobile-branded, pre-paid service. On December 15, 2004, the Company entered into a definitive agreement for a merger of equals with Sprint Corporation, pursuant to which it will merge into a wholly owned subsidiary of Sprint.
Misc Details
Symbol: NXTL
City: Reston
State: VA
ZIP Code: 20191
Address: 2001 Edmund Halley Drive
Phone: 703-433-4000
Fax: 703-394-3001
Website: http://www.nextel.com
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