Subject: [NEXTEL-1] Nextel Signs Pact to Provide GSA With Mobile Radio Svcs

From: Marcel <[email-masked]>
Date: Mon, 16 Dec 2002 13:22:55 -0500

http://biz.yahoo.com/djus/021216/1012000371_2.html

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Nextel Signs Pact to Provide GSA With Mobile Radio Svcs
Monday December 16, 10:12 am ET

RESTON, Va. (Dow Jones)--Nextel Communications Inc. agreed to provide
nationwide mobile radio services to all U.S. federal agencies under a General
Services Administration contract valued at $200 million a year.
In a press release Monday, the company said the base contract is for two
years, with three one-year options. Nextel, which posted revenue of about $7
billion in 2001, said its previous GSA contract began in March 1999 and has "far
exceeded" preliminary expectations.
Under the new indefinite-delivery, indefinite-quantity contract, Nextel will
provide wireless phones, packet data tools, long-range walkie-talkie features
and an emergency response rental program.
Shares recently traded at $12.52, up 47 cents, or 3.9%, on Nasdaq volume of
3.8 million shares. Average daily volume is 30 million shares.
-Pamela Tate; Dow Jones Newswires; 201-938-5400

Dow Jones Newswires
12-16-02 1012ET

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