Updated from 7:51 a.m. EDT
will weigh a possible merger with
at a board meeting later this month,
The Wall Street Journal
reported Thursday, according to people familiar with the matter.
The meeting will also include a discussion of other strategic options, according to the article, in an effort to boost its languishing stock price. New York-based AT&T Wireless went public a few months ago as a tracking stock of its parent,
A deal with McLean, Va.-based Nextel would create a combined company with 18 million customers and place it in a tie for second place with
among wireless companies, after
Other possible deals the company is considering is a merger with U.K. telecom leader
, the paper said.
AT&T Wireless finished down 25 cents or 1%, at $25.25, while Nextel finished up $2.94, or 6%, at $53.