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Sprint Nextel Names Lazard as Appraiser in Put Process with Nextel Partners.


RESTON, Va. -- Sprint Nextel Sprint Nextel Corporation (NYSE: S) is one of the largest telecommunications companies in the world. With 55 million subscribers, Sprint Nextel operates the third largest wireless telecommunications network in the United States (based on total wireless customers), behind  Corp. (NYSE NYSE

See: New York Stock Exchange
: S) today named Lazard as appraiser A person selected or appointed by a competent authority or an interested party to evaluate the financial worth of property.

Appraisers are frequently appointed in probate and condemnation proceedings and are also used by banks and real estate concerns to determine the market
 in the put process initiated by Nextel Partners shareholders following the Sprint Nextel merger that closed on Aug. 12, 2005. Nextel Partners previously designated Morgan Stanley To comply with Wikipedia's , the introduction of this article needs a complete rewrite.  & Co. Incorporated as its appraiser in this process.

Lazard is one of the world's preeminent financial advisory and asset management firms This is a list of corporations that provide financial asset management.
  • Abernathy Group
  • ABN AMRO Asset Management
  • Acadian Asset Management
  • AllianceBernstein
  • Ameriprise Financial, Inc.
. It operates from 29 cities across 16 countries in North America, Europe, Asia, Australia and South America. With origins dating back to 1848, the firm provides services including mergers and acquisitions advice, asset management, and restructuring advice to corporations, partnerships, institutions, governments, and individuals.

About Sprint Nextel

Sprint Nextel offers a comprehensive range of wireless and wireline communications services to consumer, business and government customers. Sprint Nextel is widely recognized for developing, engineering and deploying innovative technologies, including two robust wireless networks offering 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.
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Publication:Business Wire
Geographic Code:1USA
Date:Nov 13, 2005
Words:169
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