Nextel Partners gained almost 15 percent in midday trading after reiterating its 2001 financial guidance. The company's partner, Nextel Communications, Wednesday warned that it would miss its first-quarter numbers. Nextel Partners is the only U.S. affiliate of Nextel Communications and holds exclusive rights to provide Nextel's digital wireless communications services in small and midsize U.S. markets.
After Wednesday's market close, Kirkland, Wash.-based Nextel Partners said there was no reason to change its numbers for fiscal year 2001, based on its results so far. According to CEO John Chapple, the company remains on track to meet the current first-quarter expectations of 60,000 net subscriber additions, $70 monthly revenue per subscriber unit, and a customer turnover, or churn, of less than 2 percent. Nextel Partners was experiencing better-than-anticipated market acceptance of its services, Chapple added.