November 03, 2006
Sprint Nextel Receives Required Consents for Its Consent Solicitations and Offers to Guarantee Nextel Partners and UbiquiTel Operating Company Notes
-- Nextel Partners 8 1/8% Senior Notes due 2011 Business Editors/Technology Writers
RESTON, Va.--(BUSINESS WIRE)--Nov. 3, 2006--Sprint Nextel Corp. (NYSE:S) announced today that, based on consents received by 5:00 p.m., EST, Nov. 2, 2006, from holders of Nextel Partners 8 1/8% Senior Notes due 2011 and UbiquiTel's 9 7/8% Senior Notes due 2011, it has received sufficient consents to amend each of the indentures governing such notes as described in the applicable registration statements on Form S-3/A, each filed with the Securities and Exchange Commission by Sprint Nextel Corp. on Oct. 19, 2006. Pursuant to the terms of the applicable consent solicitations, Nextel Partners and UbiquiTel will enter into supplemental indentures implementing the amendments to the applicable indentures which will be operative and binding on all holders, including the holders of any notes that did not deliver consents in the consent solicitation.
Bear, Stearns & Co. Inc. acted as the solicitation agent for the consent solicitations. The information agent was Georgeson Shareholder Communications, Inc. The consent agent was The Bank of New York.
About Sprint Nextel
Sprint Nextel offers a comprehensive range of wireless and wireline communications services bringing the freedom of mobility to consumers, businesses and government users. Sprint Nextel is widely recognized for developing, engineering and deploying innovative technologies, including two robust wireless networks serving more than 51 million customers at the end of third quarter 2006; industry-leading mobile data services; instant national and international walkie-talkie capabilities; and an award-winning and global Tier 1 Internet backbone. For more information, visit www.sprint.com.
CONTACT: Sprint Nextel Corp. Media Contact: David Gunasegaram, 913-794-1037 firstname.lastname@example.org or Investor Relations Contact: Kurt Fawkes, 800-259-3755 email@example.com SOURCE: Sprint Nextel Corp.