Subject: [NEXTEL-1] Nextel Announces Notes Offering

From: Marcelrf <[email-masked]>
Date: Wed, 17 Mar 2004 10:30:24 -0500

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Press Release

Source:
Nextel Communications, Inc.

Nextel Announces Notes Offering
Tuesday March 16, 9:35 pm ET

RESTON, Va.--(BUSINESS WIRE)--March 16, 2004--Nextel
Communications, Inc. (NASDAQ:NXTL - News), today announced that it is
offering $500 million of 5.95% Senior Serial Redeemable Notes due 2014
in a public offering, to be priced at 97.795% of par.

The Company expects to use the net proceeds from the offering to
fund network expansion, strategic investments, working capital needs,
debt service requirements and/or for other general corporate purposes.

This press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of these
securities in any state in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of any such state.

Nextel Communications, a Fortune 300 company based in Reston, Va.,
provides fully integrated wireless communications services across the
United States through its all-digital wireless network.

"Safe Harbor" Statement under the Private Securities Litigation
Reform Act of 1995: Statements in this press release regarding Nextel
Communications's business which are not historical facts are
"forward-looking statements" that involve risks and uncertainties. For
a discussion of such risks and uncertainties, which could cause actual
results to differ from those contained in the forward-looking
statements, see "Risk Factors" in the Company's Annual Report or Form
10-K for the most recently ended fiscal year.

Contact:

Nextel Communications, Inc., Reston
Investors:
Paul Blalock, 703-433-4300
or
Media:
Audrey Schaefer, 240-876-1588

Source:
Nextel Communications, Inc.

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