×

Once registered, you can:

  • - Read additional free articles each month
  • - Comment on articles and featured creative work
  • - Get our curated newsletters delivered to your inbox

By registering you agree to our privacy policy, terms & conditions and to receive occasional emails from Ad Age. You may unsubscribe at any time.

Are you a print subscriber? Activate your account.

BtoB

Microsoft invests in Nextel

Published on .

Reston, Va.--Nextel Communications and Microsoft Corp. announced an agreement that will allow Nextel customers to access a customized set of Internet services offered through a co-branded version of the Microsoft Network portal. With the agreement, Microsoft will invest $600 million in Nextel common stock. Nextel will use the investment to advance its deployment of services, develop additional digital services, expand the Nextel National Network in the United States and fund system development and expansion in other countries in which Nextel operates. The price of the stock was fixed at $36. (From RCR.)
Most Popular
In this article: