Sprint Nextel (S)

Sprint to Acquire Affiliate iPCS

Sprint Nextel Corp. (S) agreed to acquire affiliate iPCS Inc. for $426 million, the last of the major independent affiliates of Sprint, in a deal that will also end their legal battle.
IPCS had been arguing that Sprint's 2005 acquisition of Nextel violated an exclusivity agreement with iPCS, which is the Nextel affiliate in the territories in which it operates. IPCS has some 700,000 customers in seven states.

Oct 19 · 9:34:00 AM · Source: Wall Street Journal
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by Larry Etter