| Founded | 1987 |
|---|---|
| Closed | 2013 |
| Country | USA |
| Sector | Saas |
| Total raised | 0 |
| Collapse type | Slow Death |
| Founder | Morgan O'Brien (Nextel founder) |
Nextel / Sprint-Nextel
"Sprint paid $36 billion to acquire Nextel and spent the next decade destroying the network they bought."
Years-long decline before final shutdown
Key Events Timeline
Sprint acquired Nextel Communications for $36B in August 2005, creating Sprint Nextel.
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