Nextel Communications Inc.
2001 Edmund Halley Dr.
Reston, Va. 20191
www.nextel.com Year founded: 1987 Industry: Telecommunications Revenue: $10.82 Billion Net Income/Loss: $1.54 Billion Earnings per share: $1.36 Dividend: n/a Stockholder equity: $5.84 Billion Auditor: Deloitte & Touche LLP Stock: NXTL Assets: $20.51 Billion Market capitalization: $27.25 Billion 52-week high: 29.37 1/7/2004 52-week low: 11.83 4/15/2003 President and CEO: Timothy M. Donahue CFO: Paul N. Saleh Employees: 17000 Local employees: 2500 Description: Nextel is the sixth-largest U.S. cellular phone company, with almost 13 million customers. The company's main business is providing service to the blue-collar crowd—the construction workers, taxi drivers and couriers who use its popular walkie-talkie service, which lets them connect quickly without dialing. Developments: Time and again, Nextel has been able to fend off threats. The company was built on a hodgepodge of radio transmission networks, but it continues to dominate the market it established early on: business users who like walkie-talkies. In the summer, competitor Verizon Wireless came out with its own push-to-talk service, followed by Sprint PCS's version in the fall. But that has not eroded Nextel's customer base, which continues to grow at a rate that has kept Wall Street satisfied. The company courted customers heavily in the earlier part of the year, an investment that apparently paid off because few abandoned Nextel after the Federal Communications Commission in late November allowed cell phone users switching carriers to keep their numbers. Earlier this month the FCC appeared poised to allow Nextel to take control over valuable spectrum in exchange for switching out its old spectrum to eliminate interference with public-safety radios. The big question remains for Nextel: How can it get bigger? Nextel insists the company can continue to chart its own course and that it has enough airwave spectrum to continue to add customers without straining its network. But with Cingular Wireless LLC and AT&T Wireless expected to merge later this year, Nextel could be forced into the arms of a partner to remain viable, some experts say. That could be a convenient route for Nextel, which may eventually have to come up with spectrum and money to handle faster data-transmission speeds. Nextel executives said they are focusing this year on making their network faster and big enough to handle higher-speed Internet access. Earlier this year the company announced that it is testing that service, developed with Flarion Technologies in Raleigh, N.C. Executive Compensation
President and CEO: Timothy M. Donahue
Total Cash: $3,698,461.00
Total Compensation: $29,428,140.00 COO: Thomas N. Kelly, Jr.
Total Cash: $1,792,846.00
Total Compensation: $7,183,438.00 Vice Chairman: Morgan E. O'Brien
Total Cash: $1,401,569.00
Total Compensation: $6,377,845.00 CFO: Paul N. Saleh
Total Cash: $1,573,569.00
Total Compensation: $4,939,272.00 Chief Technology Officer: Barry J. West
Total Cash: $763,595.00
Total Compensation: $3,235,609.00 Senior Vice President: Leonard J. Kennedy
Total Cash: $987,495.00
Total Compensation: $2,861,517.00
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