toggle

AAPL Stock: 121.31 ( -1.06 )

Printed from http://www.macnn.com

Sprint buys out push-to-talk carrier iPCS

updated 04:10 pm EDT, Mon October 19, 2009

Sprint buys out iPCS for $831m

Sprint on Monday said it would buy out one of its affiliate carriers, iPCS, for $831 million. The deal puts the smaller company's push-to-talk iDEN phone service directly under Sprint's control and settles a legal battle between the two that had blocked Sprint from advertising its network and might have prevented Sprint from selling service in those areas. Under the new agreement, Sprint would no longer need to sell off parts of its network in iPCS areas.

The takeover needs government approval but is expected to complete at the very end of 2009 or early in 2010.

Sprint's move marks a further unifying effect on all its businesses. The company earlier this year bought Virgin Mobile USA and has extensive control of both the push-to-talk and pay-as-you-go phone markets in the US.




by MacNN Staff

POST TOOLS:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

Follow us on Facebook

toggle

Most Popular

Advertisement

Recent Reviews

HP 14-x030nr 14-inch Chromebook

If you're like us, chances are you've come to realize that you need the ability to access the Internet on the go. Also, you've prob ...

15-inch MacBook Pro with Force Touch

Apple's 15-inch Retina MacBook Pro continues to be a popular notebook with professional users and prosumers looking for the ultimate ...

Typo keyboard for iPad

Following numerous legal shenanigans between Typo -- a company founded in part by Ryan Seacrest -- and the clear object of his physica ...

toggle

Most Commented