Sprint to ditch ‘Nextel’ name after Softbank takeover

7 Nov 2012

US mobile giant Sprint Nextel plans to drop the ‘Nextel’ part of its corporate moniker if Softbank Corp of Japan’s USD20.1 billion deal to acquire to 70% of the company is approved by regulators, Fierce Wireless reports. In a Security and Exchange Commission (SEC) filing the carrier noted: ‘Sprint Corporation is expected to succeed Sprint Nextel Corporation’s New York Stock Exchange listing as a publicly traded company’. The name change is unlikely to come as a surprise; Sprint has previously revealed plans to shut down the integrated Digital Enhanced Network (iDEN) ‘Nextel’ component of its network by mid-2013, as part of its overarching ‘Network Vision’ upgrade scheme; Sprint has taken 9,600 Nextel sites offline so far in 2012. As at 30 September 2012 the company counted just 3.1 million Nextel subscribers, down from a peak of around 20 million following the December 2004 merger between CDMA operator Sprint and iDEN provider Nextel.

United States, SoftBank Group Corp, Sprint Corporation (now part of T-Mobile US)