Sprint Must Sell iDEN Operations In iPCS Regions
The Circuit Court of Cook County Illinois has handed Sprint affiliate iPCS a long-sought victory over Sprint Nextel. The court sided with iPCS's claim that Sprint's purchase of Nextel caused it to violate a no-compete clause in their affiliate agreement with iPCS. The court ordered Sprint Nextel to sell all its iDEN assets in areas where iPCS operates its business.
Sprint Settles Lawsuit Over Nextel Merger for $131 Million
Sprint today settled a class-action lawsuit regarding its 2005 acquisition of Nextel for $131 million. Investors claim Sprint executives defrauded shareholders by inflating stock and bond prices after Sprint closed its acquisition of Nextel.
Sprint to Sell LG G5 April 1, Preorders Start March 24
Sprint said it will begin accepting preorders for the LG G5 on March 24. The device will reach stores April 1.
Sprint to Face $300M Tax Fraud Charge In Court
Sprint lost its bid to have a $300 million lawsuit dismissed and will now face the State of New York in court. The office of New York Attorney General Eric Schneiderman alleges that Sprint failed to collect about $100 million in taxes from its New York-based customers over a period of seven years.
Sprint to Sell Certain Network Assets for $2.2 Billion
Sprint has agreed to sell select network assets to a company called Network LeaseCo and then lease back those assets for an unspecified sum. The move is meant to boost Sprint's cash position and will eventually add $2.2 billion to the company's coffers.
Chi-Town!! CrOOk_COuntY IL
Customers on iDEN
and just for FYI I'm supporting Sprint