Telco Merger Datapoint of the Day

Dana Cimilluca:

When Sprint and Nextel agreed to combine in a “merger of equals” at the end of 2004, they were worth $70 billion together. The current value of the combined Sprint Nextel after the bleak news today from the company stands at just $26 billion…

That means the value of one or the other of the companies has been wiped out entirely.