Subject: [NEXTEL-1] Nextel/NeoWorld: Paid $79M Through Dec. 31

From: Marcel <[email-masked]>
Date: Thu, 16 Jan 2003 14:55:55 -0500

http://biz.yahoo.com/djus/030116/1346000729_2.html

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Nextel/NeoWorld: Paid $79M Through Dec. 31
Thursday January 16, 1:46 pm ET

WASHINGTON (Dow Jones)--Nextel Communications Inc. paid $197 million in
cash Wednesday to complete the acquisition of NeoWorld Communications Inc.,
according to a Form 8-K filed Thursday with the Securities and Exchange
Commission.
Nextel said it paid the balance of the total purchase price to complete the
deal. The company made payments of $79 million through Dec. 31, including $40
million in 2002, the filing said.
Nextel, Reston, Va., provides digital mobile communications in the U.S.
NeoWorld owns and operates 900-megahertz specialized mobile radio systems.

-By Chad Clinton, Dow Jones Newswires; 202-628-9798; [email-masked]

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