Subject: [NEXTEL-1] Cascade Investment-Nextel Partners Buys 3.75 Million Shares

From: [email-masked]
Date: Mon, 02 Dec 2002 12:14:54 -0500

http://biz.yahoo.com/djus/021202/0942000330_1.html

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Cascade Investment/Nextel Partners: Buys 3.75 Million Shares
Monday December 2, 9:42 am ET

KIRKLAND, Wash. -(Dow Jones)- Cascade Investment L.L.C., the private
investment arm of Microsoft Corp. (NasdaqNM:MSFT - News) Chairman Bill Gates, purchased an
additional 3.75 million Nextel Partners Inc. (NasdaqNM:NXTP - News) common shares, boosting its
stake in the company to 5.2%.

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In a press release Monday, Nextel Partners said Cascade bought the shares from
Craig O. McCaw's Eagle River Investments LLC. Eagle River remains a major
shareholder in the company, with about 15.8 million shares, or 6.4% of its
common shares outstanding.
Cascade, an original investor in Nextel Partners, bought 4.97 million shares
upon the company's formation in 1998, and now owns 12.7 million shares.
Nextel Partners in October reported third-quarter earnings before interest,
taxes, depreciation and amortization of $7.9 million. It expects EBITA of $1
million for the full year.
Nextel Partners, the U.S. affiliate of Nextel Communications Inc. (NasdaqNM:NXTL - News) , has
the exclusive right to provide digital wireless communications services using
the Nextel brand name in 31 states.
Company Web site: www.nextel.com
-Tom Rojas; Dow Jones Newswires; 201-938-5400

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