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Sprint to acquire iPCS for $831 million
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#1
10-19-2009
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Sprint to acquire iPCS for $831 million
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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#3
10-20-2009
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Sprint has needed to acquire Ipcs for a long time this is one huge step in the right direction for them.
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