Sprint Nextel Receives Required Consents for Its Consent Solicitation and Offer to Guarantee US Unwired Notes.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): --Series B First Priority Senior Secured Floating Rate Notes due 2010 --10% Series B Second Priority Senior Secured Notes due 2012 Sprint Nextel Corp. (NYSE:S) announced today that based on consents received by 5:00 p.m., EST EST electroshock therapy. EST abbr. electroshock therapy , Feb. 27, 2006, from holders of US Unwired's Series B First Priority Senior Secured Floating Rate Notes due 2010 and 10% Series B Second Priority Senior Secured Notes due 2012, it has received sufficient consents to amend the indentures governing such notes as more fully described in the registration statement on Form S-3 filed with the Securities and Exchange Commission by Sprint Nextel Corporation on Feb. 13, 2006. US Unwired intends to enter into supplemental indentures implementing the amendments to the indentures which will be operative and binding on all holders, including the holders of notes that did not participate in the consent solicitation Consent Solicitation A solicitation by one party to the stakeholders of a particular security for the consent of a material change. Notes: Should the majority of stakeholders provide valid consent prior to the consent expiry date, the issuer may then follow through with . The consent solicitation expired at 5 p.m. on Feb. 27, 2006. Bear, Stearns & Co. Inc. acted as the solicitation agent for the consent solicitation. The information agent for the consent solicitation was Georgeson Shareholder Communications, Inc. The depositary DEPOSITARY, contracts. He with whom a deposit is confided or made. 2. It is, the essence of the contract of deposits that it should be gratuitous on the part 'of the depositary. 9 M. R. 470. for the consent solicitation was U.S. Bank National Association. 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 (communications, networking) Internet backbone - High-speed networks that carry Internet traffic. These communications networks are provided by companies such as AT&T, GTE, IBM, MCI, Netcom, Sprint, UUNET and consist of high-speed links in the T1, T3, OC1 and OC3 ranges. . For more information, visit www.sprint.com. |
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