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Nextel Partners
(NasdaqNM: NXTP)
USA
Despite strong competition in the mobile telephone industry, Nextel Partners closed out the first quarter of 2006 with an additional 102,900 subscribers. This brought the Washington company's total to more than 2.1 million digital customers in 58 small to midsize markets, an increase of 25% over the same period last year. The company, spun-off from Nextel Communications, is expected to be bought back by the end of June by Sprint, which acquired Nextel Communications last year. Nextel Partners recently joined with Motorola to offer the first Windows Mobile-based Smartphone with Nextel digital walkie-talkie, the Motorola i930. The device gives customers immediate access to phone, e-mail, Internet and walkie-talkie services. These moves have translated into an increase in sales of 29% to $1.9 billion for the year ended May 31, with profits at $615 million and a solid return on equity of 63.1%.
Company Info |
|
| 2005 Rank | 24 |
| Sales* ($ Millions) | 1,896.7 |
| Sales Growth (over prev. year) |
29 % |
| Profits* ($ Millions) | 614.8 |
| Return on Equity | 63.1 % |
| Total Return on Sales (12-mo.) | 19.6 |
| Share Price As of 5/31/06 | 28.40 |
| CURRENT MARKET INFO | NasdaqNM: NXTP |
| No. of Employees | 2,905 |
| Industry | Telecommunications |
| COMPANY WEB SITE > | |
*Trailing 12 months
Stock price data as of 5/31/06
DATA: Standard & Poor's Compustat
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Company Snapshot
Nextel Partners, together with its subsidiaries, provides wireless digital communications services using the Nextel brand name throughout the U.S. It offers four wireless services in a single wireless handset, which include international and nationwide direct connect, digital cellular voice, short messaging, and cellular Internet access that provides users with wireless access to the Internet and an organization's internal databases, as well as other applications, such as e-mail. The company operates a digital mobile network compatible with the iDEN digital mobile network. As of December, 2005, the Nextel Digital Wireless Network covered approximately 42 million people in 297 metropolitan statistical areas in the U.S. In addition, Nextel Partners offers wireless data solutions, such as asset tracking, workforce management, navigation and wireless payment solutions; and walkie-talkie services. The company also provides a range of handsets and related accessories. Nextel Partners has strategic alliances with Nextel Communications. The company was incorporated in 1998 and is headquartered in Kirkland, Wash.
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