Subject: [NEXTEL-1] Teens Talk Twice as Long on Cells. Surprise.

From: Marcel <[email-masked]>
Date: Thu, 06 Feb 2003 17:19:46 -0500

Teens Talk Twice as Long on Cells. Surprise.

February 6, 2003. (FinancialWire) It seemed like a good idea – cell phones for teens and
twenty-somethings, and that’s why Sprint PCS (NYSE: PCS; NYSE: FON) decided last summer to
partner with Sir Richard Branson in Virgin Mobile USA. Sir Richard’s main competitor is
Nextel Communications (NASDAQ: NXTL). The company says that it now has over 350,000 U.S.
subscribers, capturing one-half of a subscriber out of every ten new ones in the 4Q2002.
As anyone who has been to a movie or other public event now knows, one out of every two
Americans now own a cell phone, not counting, of course, for those who own two. However,
for the younger crowd, only 4 out of ten own cell phones but when they talk, they talk
twice as much. For those with teenagers, the market researchers could have saved their
money, since this is hardly surprising. Clickable links for FinancialWire news are at
http://www.financialwire.net. For FinancialWire audio news, click on partner ON24 at
http://www.on24news.com

Go to FinancialWire / On24news clip

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