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Capital Offering Profile (NYSE - S)  
Company NameNextel Communications, Inc.
Offering TypeSenior Debt
Description5.950% Senior serial redeemable unsecured notes, due 03/15/14
ISINUS65332VBF94
Currency of IssueUSD
Trading Symbol (Exchange)NXTL.GS (OTCBB)

Announcement Date3/18/2004
Trade Date3/16/2004
Settlement Date3/19/2004
Completion Date3/18/2004
Shelf Filing Date3/27/2003

144a?No
Mandatory Redemption?Yes
Convertible?No
Exchange for Existing Issue?No

Use of Proceeds
The net proceeds from this offering will be used to fund network expansion, strategic investments, working capital needs, debt service requirements and for other general corporate purposes.

UnderwritersShares
Underwritten
Amount
Underwritten
($000)
Book Manager(s)
  Credit Suisse First Boston-175,000
  J.P. Morgan Securities, Inc.-175,000
Co-Manager(s)
  Banc of America Securities LLC-25,000
  Citigroup Global Markets Inc.-25,000
  Crosswind Investments, LLC-25,000
  Deutsche Bank Securities Inc.-25,000
  Scotia Capital (USA) Inc.-25,000
  Wells Fargo Securities, LLC-25,000

Pricing
Offer Price ($)97.7950
Yield to Maturity (%)6.250
Treasury Spread (%)2.490
Gross Amount Offered ($000)500,000
Amount Including Overallotment ($000)500,000
Minimum Denominations/Increments1,000/1,000
Original Shelf Value ($000)5,000,000

Professionals
Issuer's CounselJones Day
Underwriter's CounselLatham & Watkins, LLP
Auditor(s)Deloitte & Touche, LLP
Clearing House(s)Depository Trust Company


Underwriting Fees
Gross Spread ($)11.48
Gross Spread (%)1.15

Current Security RatingsCurrent Issuer Ratings
Standard & Poor's Corp.B+

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