The Information Technology 100
The maverick wireless carrier has stayed out of vicious price-cutting wars by focusing on well-heeled business customers in love with its unique, walkie talkie-like service. As growth in that niche tapers, Nextel is latching onto no. 3 long-distance carrier Sprint in a pending $35 billion merger that will broaden offerings to business and consumer users.
Together, Nextel Sprint will be better able to fend off giant rivals, including Verizon and SBC, offering corporations one-stop shopping for wireless, basic phone service, and data communications. Meanwhile, Nextel has opened an unlikely new source of growth over the last year: young consumers with its hip Boost Mobile prepaid service.
|Return on Equity||29.4%|
|CORPORATE WEB SITE|
All figures are for the most recent available 12 months.
* Latest available data for the 12-month period ended Dec. 31, Jan. 31, Feb. 29, Mar. 31, or Apr. 30. For companies that do not report quarterly, the most recent annual data were used.
Data provided by Standard & Poor's Compustat, BusinessWeek
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