[NEWS] Sprint acquiring iPCS - Wckediden - Mobile Tricks and Tweaks Community

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[NEWS] Sprint acquiring iPCS

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10-19-2009, 01:01 PM

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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.

The Following 2 Users Say Thank You to D/\SH For This Useful Post:
forty01 (10-19-2009), GokuSS3 (10-19-2009)

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