Exhibit 99.2



[SPRINT - TOEGETHER WITH NEXTEL LOGO]




                                        News Release

                                          Sprint Nextel
                                          Edmund Halley Drive
                                          Reston, Va. 20191


                                                            Media Contacts:
                                                 Leigh Horner, 919-465-3712
                                                    leigh.horner@sprint.com

                                                  Nick Sweers, 913-794-3460
                                                 nicholas.sweers@sprint.com

                                                Investor Relations Contact:
                                                  Kurt Fawkes, 913-794-1140
                                                   kurt.e.fawkes@sprint.com


                     SPRINT NEXTEL ANNOUNCES FINAL STOCK AND
                   CASH CONSIDERATION FOR NEXTEL COMMON STOCK

RESTON,  Va.  - Aug.  16,  2005 -  Sprint  Nextel  Corporation  (NYSE:  S) today
announced  that, in  connection  with the  completion of the merger  transaction
between Sprint  Corporation  and Nextel  Communications,  Inc. on Aug. 12, 2005,
holders of Nextel common stock will receive  1.26750218  shares of Sprint Nextel
common stock and $0.84629198 in cash in exchange for each share of Nextel common
stock.  The per share cash amount of merger  consideration  is based on the cash
ratio of  0.03249782,  multiplied  by  $26.0415,  the  average  of the per share
closing  prices of shares of Sprint  series 1 common stock during the 20 trading
day period on the New York Stock Exchange  ending on (and including) the closing
date.

As soon as  practicable,  UMB  Bank,  N.A.  (the  exchange  agent)  will  send a
transmittal letter to each holder of Nextel common stock. The transmittal letter
will have  instructions  with respect to obtaining the merger  consideration  in
exchange for shares of Nextel common stock.

Shares  of  Sprint  common  stock  remain  outstanding   following  the  merger.
Consequently,  holders of Sprint  stock do not need to exchange  their  existing
certificates.  Existing Sprint stock certificates represent the number of shares
of Sprint  Nextel  stock  equal to the  number of  shares of Sprint  stock  held
immediately before the completion of the merger.

About Sprint Nextel

Sprint   Nextel   offers  a   comprehensive   range  of  wireless  and  wireline
communications services to consumer,  business and government customers.  Sprint
Nextel is widely recognized for developing, engineering and deploying innovative
technologies,  including two robust wireless  networks offering industry leading
mobile  data  services;   instant   national  and   international   push-to-talk
capabilities; and an award-winning and global Tier 1 Internet backbone. For more
information, visit www.sprint.com.