Shareholders of Sprint and Nextel Communications today are expected to vote to approve the companies' pending $35 billion merger. Once approved, the deal will create the nation's third-largest wireless carrier with more than 40 million subscribers. The new carrier could prove to be a solid competitor to market leaders Cingular Wireless and Verizon Wireless. Shareholders are voting in separate meetings. The new carrier is expected to combine Sprint's consumer savvy marketing machine with Nextel's expertise in serving business customers.
For more on the Sprint, Nextel merger vote:
- read this article from AP