Sprint, Nextel may merge this week

| 12/13/2004

Cell phone companies Sprint and Nextel could complete a merger by Wednesday, Dec. 15, The Wall Street Journal reported.

Reports have been circulating since late last week about a possible merger of the companies. If a merger were to occur, it would result in a massive wireless service provider, covering up to 40 million cell phone users and combining the networks of the two companies.

The effect on everyday cell phone users is not yet clear, although some observers noted that with fewer competitors – and therefore, less competition – that higher prices could result.