Subject: [NEXTEL-1] Nextel CEO Says Co To Benefit From Portability

From: [email-masked]
Date: Mon, 17 Nov 2003 18:28:12 -0500

http://biz.yahoo.com/djus/031117/1803001349_1.html

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Nextel CEO Says Co To Benefit From Portability
Monday November 17, 6:03 pm ET

By Christine Nuzum, Of DOW JONES NEWSWIRES

NEW YORK (Dow Jones)--Nextel Communications Inc. (NasdaqNM:NXTL - News) Chief Executive Tim
Donahue suggested the company will gain market share after rules take effect
next week that will allow consumers to keep their phone numbers when they switch
carriers.

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"We believe Nextel will be a beneficiary/winner in the portability theater,"
he said, during a UBS conference here Monday.
The number of customers switching carrriers is expected to rise sharply
following implementation of the "number portability" rules.
Nextel's churn, or customer turnover rate, was 1.4% for the third quarter.
"We expect we can keep it at that level," said Donahue.
However, the wireless industry "will have bumps" for about 90 days following
the start of wireless number portability, he added.
Donahue dismissed any notion of significant competition from "push-to-talk"
phones recently launched by Sprint PCS Group (PCS) and Verizon Wireless, which
is majority owned by Verizon Communications (NYSE:VZ - News) . Until this year, Nextel was
the only purveyor of this walkie-talkie mobile phone service popular in
industries such as manufacturing, trucking and public safety.
Donahue said that because of slower speeds, the Verizon Wireless product is
not comparable to Nextel's push-to-talk phones and that the same appears to be
true for Sprint PCS' offering, which was launched Monday.
"Our business has not been remotely affected by this," he said. He added that
he has no reason to believe that rival technologies will catch up any time soon.
Nextel expects that a deal with NII Holdings Inc. (NasdaqNM:NIHD - News) will bring its push-
to-talk service to Mexico, Brazil, Argentina and Peru beginning in April or May
of 2004. The company also expects a deal to sell push-to-talk service in Canada.
-By Christine Nuzum, Dow Jones Newswires; 201-938-5172

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