Sprint Nextel Receives Required Consents for Its Consent Solicitation and Offer to Guarantee IWO Holdings Notes

Sprint Nextel Corp. (NYSE: S) announced today that based on consents received by 5:00 p.m., EST, March 20, 2006, from holders of IWO Holding’s Senior Secured Floating Rate Notes due 2012 and 10.75% Senior Discount Notes due 2015, it has received sufficient consents to amend the indentures governing such notes as described in the registration statement on Form S-3/A filed with the Securities and Exchange Commission by Sprint Nextel Corporation on March 6, 2006.

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