4/1/2023 0 Comments Sprint push to talkThe clamshell device measures 4.1 inches by 2.1 inches by 0.66 inches and weighs 4.16 ounces. According to Sprint, the Renegade V950 is built to military specifications for dust, shock, vibration and blowing rain, while tying in Nextel push-to-talk services and Sprint Mobile Broadband. The other two are billed as affordable multimedia devices designed to boost productivity.įirst up is the Motorola Renegade V950 (pictured), an ultra-rugged handset that the carrier adds to its portfolio of Nextel Direct Connect devices. (CPR Arbitration Sept.Sprint unleashed four new devices on Tuesday, two of which add to its roster of Nextel Direct Connect handsets - the Motorola Renegade V950 and Motorola i365 - and meet military specifications for ruggedness. ![]() Applying New York law, an arbitration panel refused to enter an injunction because Nextel Partners did not demonstrate a likelihood of success on the merits or irreparable harm. Nextel Partners' claims were based on provisions of its Joint Venture Agreement with Nextel, which Nextel Partners asserted gave it the right to use the precise branding name used by Nextel. The other dispute arose when Nextel Partners sought to enjoin changes to Nextel's brand following the merger, and to block Sprint Nextel's multimillion dollar rollout of the combined company's new brand. The court construed the charter in a way that resolved a procedural ambiguity, refused to accelerate the put process, and decided that the parties' disagreements over how to interpret the phrase "fair market value" in the charter should be resolved by the appraisers. Nextel sought a declaratory judgment clarifying the process, and Nextel Partners sought competing definitional clarifications and an acceleration of the put process. Nextel and Nextel Partners were unable to agree on certain procedural and substantive aspects of the appraisal process. One concerned the right of the Class A shareholders of Nextel Partners, an affiliate of Nextel, to put their shares to Nextel at a fair market value price determined under an appraisal process established in Nextel Partners' charter. Jones Day also handled two disputes that arose in connection with the merger. Along with M&A representation, Jones Day provided antitrust (with clearance by DOJ after a lengthy and thorough investigation), employee benefits, real estate, and tax advice regarding the transaction. Sprint Nextel will have a strong position in mobile data and push-to-talk services, two of the fastest-growing areas in telecom in which the companies are leading innovators. The companies and their affiliates and partners have over 40 million wireless subscribers and operate networks covering 262 million people, more of the U.S. The combined equity value of Sprint and Nextel was approximately $70 billion. The exact cash/stock allocation was set at closing to facilitate the tax-free spinoff of Sprint's local telecom business. The aggregate amount of the cash payment did not exceed $2.8 billion. Existing Sprint shares remained outstanding and Nextel stockholders received the equivalent of 1.3 Sprint Nextel common shares in a combination of approximately 1.28 shares and $.50 in cash per share. The Nextel/Sprint combination is a true merger-of-equals - both companies are valued equally and their shareholders each hold approximately 50% of the new company, named Sprint Nextel. in its $46.5 billion merger with Sprint Corporation and provided securities law advice to the client. Jones Day advised Nextel Communications, Inc.
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