Thread: [NEWS] Sprint acquiring iPCS
View Single Post
  #1  
Old 10-19-2009, 01:01 PM
D/\SH's Avatar
D/\SH D/\SH is offline   Thread Starter  
Owner - Staff
Mobile Model: TP, TP2, soon Hero
Mobile Carrier: SPJ
Mobile OS: 6.5

  
Join Date: February 7th, 2007
Location: Grand Rapids, MI
Posts: 47,711
Downloads: 0
Uploads: 0
D/\SH Knows Their StuffD/\SH Knows Their StuffD/\SH Knows Their StuffD/\SH Knows Their StuffD/\SH Knows Their StuffD/\SH Knows Their StuffD/\SH Knows Their StuffD/\SH Knows Their StuffD/\SH Knows Their StuffD/\SH Knows Their StuffD/\SH Knows Their Stuff


View D/\SH's Profile   Edit Options Edit Profile Picture View D/\SH's Photo Album Add D/\SH's to Your Contacts Show Groups Edit Avatar Subscribed Threads Private Messages
Default Sprint acquiring iPCS
Sprint acquiring iPCS



Sprint/Nextel announced this morning that they will be acquiring their affiliate iPCS for $831 million, including the assumption of $405 million of debt. This is really good news for those that live in an iPCS market because there has been lots of tension between Sprint/Nextel and iPCS over the years, especially after the merger with Nextel.
According to Sprint, the benefits of this transaction include:
  • More than 700,000 PCS Wireless Users and 270,000 Wholesale Customers to Become Sprint Direct Subscribers
  • Extends Companys Direct Service Territory to an Additional 12.6 Million People
  • Sprint Ends Plan to Divest iDEN Network Assets in Certain Midwestern States Pending Transaction Close
More information at the Sprint Newsroom.
Reply With Quote
The Following 2 Users Say Thank You to D/\SH For This Useful Post:
forty01 (10-19-2009), GokuSS3 (10-19-2009)