Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : XO Communications (XOXO) -- Ignore unavailable to you. Want to Upgrade?

To: SecularBull who wrote (248)	7/30/2001 2:02:18 PM
From: Larry Brew	Read Replies (1) \| Respond to of 1018

NXTL press----- XO + NXTL + McCaw options??? [B] FULL: Nextel gets $107.5 million from options exercise by Nextel Receives $107.5 Million In Option Exercise Proceeds; McCaw Group Adds To Nextel Investment RESTON, VA.-- --JULY 27, 2001--NEXTEL COMMUNICATIONS INC. (NASDAQ:NXTL) TODAY ANNOUNCED THAT $107.5 MILLION IN CASH WAS RECEIVED IN CONNECTION WITH THE EXERCISE BY THE MCCAW FAMILY OF ITS OPTION TO PURCHASE 10 MILLION SHARES OF NEXTEL COMMON STOCK. THIS OPTION WAS GRANTED WITH THE MCCAW FAMILY'S INITIAL 1995 INVESTMENT IN NEXTEL AND WAS TO EXPIRE ON JULY 28, 2001. "THIS MOST RECENT OPTION EXERCISE BRINGS THE TOTAL CASH AMOUNT INVESTED BY THE MCCAW GROUP SINCE 1995 TO MORE THAN $1 BILLION," SAID TIM DONAHUE, NEXTEL'S PRESIDENT CEO. "WE ARE VERY PLEASED TO HAVE THE ADDITIONAL INVESTMENT FROM THE MCCAW FAMILY AS WELL AS CRAIG MCCAW'S CONTINUED VISION AND GUIDANCE." Nextel Communications Inc., based in Reston, Va., is a leading provider of fully integrated wireless communications services and has built the largest guaranteed all-digital wireless network in the United States covering thousands of communities across the United States. Nextel and Nextel Partners Inc., currently serve 188 of the top 200 U.S. markets. Through recent market launches, Nextel and Nextel Partners service is available today in areas of the U.S. where approximately 220 million people live or work. In addition, through Nextel International, Inc., Nextel has wireless operations and investments in Canada, Mexico, Argentina, Brazil, the Philippines, Peru, Chile and Japan. Visit Nextel at www.nextel.com.