Nextel calls $823 million of 9 3/8% redeemable notes

Pittsburgh, Oct. 14 - Nextel Communications Inc. will redeem all $823 million of its outstanding 9 3/8% senior serial redeemable notes due 2009 at a price of 104.688% plus accrued interest, according to a company news release.

The redemption date is Nov. 15.

The redemption will be funded with available cash resources, the release said.

The company has redeemed $450 million of the notes since June 30.

Nextel is a Reston, Va., provider of fully integrated wireless communications services.

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