Sprint Nextel: Virgin Mobile USA acquisition complete
Sprint Nextel has announced that they have now completed their acquisition of Virgin Mobile USA.
The deal was worth around $483 million and it would help Sprint in the pre-paid segment of the US market.
Sprint already was a stakeholder in the company as Virgin Mobile USA used their [...]
Sprint Nextel settling lawsuits related to Virgin Mobile USA acquisition
US based mobile service provider Sprint Nextel has revealed that they are settling a couple of lawsuits filed against them in relation to their acquisition of Virgin Mobile USA.
The company further stated in a regulatory filing that they are going to release more information [...]
Federal Trade Commission approves acquisition of Virgin Mobile USA
Sprint Nextel has gained the approval from the Federal Trade Commission to acquire Virgin Mobile USA.
The deal is worth around $483 million.
FTC said that they have no objection to this deal.
Sprint still requires the approval from other government bodies like Federal Communications Commission.
Industry experts [...]
Sprint Nextel acquiring Virgin Mobile USA
US based telecom giant Sprint Nextel has announced that they are acquiring Virgin Mobile USA.
The deal is worth around $483 million.
With this, Sprint would expand their presence in the prepaid mobile services segment in the US market.
The company added that they would retain the Virgin Mobile for the time [...]
SK Telecom not aiming to acquire Sprint
SK Telecom has clarified that they have no plans to acquire any US based mobile service provider.
The company is instead interested in discussing a strategic partnership to develop new handsets and services.
Market sources had claimed that SK Telecom was in talks to acquire Sprint.
SK Telecom said in a [...]
Virgin Mobile to acquire Helio for USD 39 million
Virgin Mobile has announced that they are going to acquire rival telecom company Helio for $39 million.
They would gain around 170,000 customers through this deal.
Incidentally, both of these companies function as mobile virtual network operators in the US market.
Virgin further said that they are getting an investment [...]
