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Sprint to acquire iPCS for $831 million

Discussion in 'TechSpot News and Comments' started by Matthew, Oct 19, 2009.

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  1. Matthew TechSpot Editor, Community Manager

    Sprint is reportedly locked in to purchase its affiliate iPCS for $831 million ($24 a share, a 34% premium), in a deal that will bring an end to the companies' legal disputes. Sprint will fork over some $426 million in cash, in addition to eating $405 million of iPCS' debt. The companies have been bickering for years over territorial exclusivity rights.

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    Matthew, Oct 19, 2009
    #1

  2. raybay TechSpot Addict

    Shouldn't Spring get its own house in order first? Where did they find the money?
    raybay, Oct 19, 2009
    #2

  3. Guest

    Sprint has needed to acquire Ipcs for a long time this is one huge step in the right direction for them.
    Guest, Oct 20, 2009
    #3
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