Subject: [NEXTEL-1] UPDATE - Nextel files mixed $5 bln shelf

From: Marcel <[email-masked]>
Date: Sat, 29 Mar 2003 12:22:06 -0500

http://biz.yahoo.com/rf/030327/telecom_nextelcommunications_shelf_2.html
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UPDATE - Nextel files mixed $5 bln shelf
Thursday March 27, 5:31 pm ET

(Adds background, stock price)
WASHINGTON, March 27 (Reuters) - Nextel Communications Inc.
(NasdaqNM:NXTL - News) on Thursday filed with the Securities and Exchange
Commission (News - Websites) to periodically sell up to $5 billion in debt
securities, preferred and common stock, depositary shares and
other securities.
The Reston, Virginia-based wireless telephone services
company said it plans to use the proceeds from the shelf
offering for network expansion, investments, working capital,
debt repayment and other general corporate purposes.
Its stock, which has ranged from $2.50 to $14.67 in last 52
weeks, closed 12 cents higher at $13.98 on Nasdaq.
Under a shelf registration, a company may sell securities
in one or more separate offerings with the size, price and
terms to be determined at the time of sale.

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