Extract
Merging into the fast lane.
In recent years, the telecom industry has been marked by a spate of high-profile mergers and acquisitions, some more successful than others.
Sprint purchased Nextel in 2005 for approximately $35 billion. The results have been rocky, however. In 2008, Sprint Nextel was forced to write off losses of nearly $30 billion directly resulting from the acquisition. In 2009, the company was served with a class-action lawsuit complaining that poor customer service ...See the full content of this document
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