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Technology Stocks : NEXTEL -- Ignore unavailable to you. Want to Upgrade?

To: Rono who wrote (10207)	12/15/2003 10:30:14 AM
From: Rono	Read Replies (1) \| Respond to of 10227

Nextel restructures debt, cuts interest expenses Monday December 15, 9:41 am ET SAN FRANCISCO, Dec 15 (Reuters) - Nextel Communications Inc. (NasdaqNM:NXTL - News), a wireless telephone service provider, on Monday said it had restructured a bank credit facility, reducing the term loans outstanding by $575 million, extending the maturity date and reducing the interest rate. The move will reduce consolidated interest expense by about $49 million a year, the Reston, Virginia-based company said.