NEXTEL COMMUNICATIONS INC
8-K, 1999-12-23
RADIOTELEPHONE COMMUNICATIONS
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                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

<TABLE>
<S>                                                      <C>
Date of Report (Date of earliest event reported):        December 22, 1999 (December 22, 1999)
                                                         -------------------------------------
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                           NEXTEL COMMUNICATIONS, INC.
             (Exact name of registrant as specified in its charter)

         DELAWARE                  0-19656                   36-3939651
(State or other jurisdiction     (Commission              (I.R.S. Employer
     of incorporation)           File Number)            Identification No.)

        2001 EDMUND HALLEY DRIVE, RESTON, VIRGINIA                 20191
         (Address of principal executive offices)                (Zip Code)

Registrant's telephone number, including area code:        (703) 433-4000
                                                   ----------------------------




- --------------------------------------------------------------------------------
          (Former name or former address, if changed since last report)


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ITEM 5.     OTHER EVENTS.

     On December 22, 1999, Nextel issued a notice to redeem all of its
outstanding 9.75% Senior Redeemable Discount Notes due August 15, 2004 (the
"Notes") with such redemption transaction scheduled to be closed on February 15,
2000. A copy of the redemption notice is filed as Exhibit 99.1 hereto and is
incorporated herein by reference. The carrying value of the outstanding debt
represented by the Notes as of September 30, 1999 was approximately $1,127
million.

ITEM 7.     FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.

            (a)   FINANCIAL STATEMENTS OF BUSINESS ACQUIRED.
                  NOT APPLICABLE

            (b)   PRO FORMA FINANCIAL INFORMATION.
                  NOT APPLICABLE

            (c)   EXHIBITS.

                Exhibit No    Exhibit Description

                    99.1      Redemption Notice relating to the Notes


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                                    SIGNATURE

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                 NEXTEL COMMUNICATIONS, INC.

Date: December 22, 1999          By: /s/ THOMAS J. SIDMAN
                                   ------------------------------------------
                                    Thomas J. Sidman
                                    Senior Vice President and General Counsel


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                                  EXHIBIT INDEX



Exhibit No          Exhibit Description

  99.1              Redemption Notice relating to the 9.75% Senior Redeemable
                    Discount  Notes due August 15, 2004



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                                                  Exhibit 99.1 Redemption Notice


                             NOTICE OF REDEMPTION
                                      OF
           9.75% SENIOR REDEEMABLE DISCOUNT NOTES DUE AUGUST 15, 2004
                             (CUSIP NO. 65332 V AB4)

To the Holders of Record of
9.75% Senior Redeemable Discount Notes due August 15, 2004
of Nextel Communications, Inc.:

     NOTICE IS HEREBY GIVEN that, pursuant to the terms of the Indenture, dated
as of February 15, 1994, between Nextel Communications, Inc. (the "Company") and
The Bank of New York, as trustee (the "Trustee"), as amended (the "Indenture"),
the Company has elected to redeem the entire outstanding aggregate amount of its
9.75% Senior Redeemable Discount Notes due August 15, 2004 (the "Securities").

     The date fixed for redemption is February 15, 2000 (the "Redemption Date").
On the Redemption Date, the Securities will become due and payable at a
redemption price equal to 103.25% of the principal amount thereof, plus accrued
interest thereon to the Redemption Date (the "Redemption Price"). From and after
the Redemption Date, the Securities will cease to bear interest unless the
Company defaults in the payment of the Redemption Price and any accrued
interest, in which case the principal and premium, if any, shall until paid,
bear interest from the Redemption Date at the rate prescribed therefor in the
Security. Upon surrender of any Security for redemption as provided below, the
Company will make payment to the holder of the Security at the Redemption Price.

     To receive payment of the Redemption Price for the Securities held by you,
you must surrender your Securities to the Trustee at the following address:

  BY MAIL                          BY OVERNIGHT MAIL       BY HAND
The Bank of New York             The Bank of New York    The Bank of New York
P.O. Box 11265                   101 Barclay Street      101 Barclay Street
Church Street Station            Bond Redemption Unit    Bond Redemption Unit
Fiscal Agencies Dept. 101B 7E    Lobby Level             Lobby Level
New York, NY 10286               New York, NY 10286      New York, NY 10286

     The method of delivery of the Securities to the Trustee is at your option
and risk, but, if mail is used, registered mail is suggested. Payment of the
Redemption Price will be remitted promptly following the Redemption Date and the
receipt of the Securities by the Trustee.

     Under U.S. federal tax laws, paying agents making payment of interest or
principal on corporate securities may be obligated to withhold a 31% tax from
remittances to individuals who have failed to furnish the paying agent with a
valid taxpayer identification number. Holders of the Securities who wish to
avoid the application of these provisions should submit taxpayer identification
numbers to the Trustee using Form W-9 when presenting Securities for payment.

     Holders of the Securities who have questions or who wish to discuss the
redemption may contact The Bank of New York, 101 Barclay Street (21 West),
Corporate Trust Administration - Michele Russo, New York, New York 10286, (212)
815-5763.

                                          NEXTEL COMMUNICATIONS, INC.

December 22, 1999


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