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Unnamed Suitor Competed with Sprint for Virgin Mobile

Sep 4, 2009, 8:00 AM by Eric M. Zeman

According to documents filed with the SEC, a second company pursued Virgin Mobile USA earlier this year. The firm, only referred to as Company X in the filings, made several bids for Virgin Mobile against Sprint Nextel. Virgin's board of directors decided that PCS licensing issues and Sprint's on-going relationship with Virgin made it a better match. The board also believed Sprint Nextel would block Company X — called a strategic competitor of Sprint Nextel — from making the acquisition. Company X withdrew its last bid for Virgin on July 24, and Virgin Mobile USA and Sprint Nextel made the acquisition announcement on July 28. The deal is worth about $483 million.

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Comments

This forum is closed.

This forum is closed.

stickdude182

Sep 6, 2009, 5:08 PM

virgin mobile

Its probably a member of virgin mobile competing with sprint,just so that the deal could be at a higher value, which would make them get a bigger payout at the end.

Kryger

i dont know anyone that uses virgin mobile so doesnt really seem like a huge money maker for sprint so your idea is plausible

...

techjunky

Sep 8, 2009, 8:17 AM

i know who it was.

aliens came from planet x to buy virgin to communicate with earth. fcc talks to aliens all the time, they rejected it because the world wasnt ready.

ps im an alien so i know.
no really
im an alien 👀

planet x baaabbyyyy!!!

Azeron

Sep 5, 2009, 1:17 AM

Identity

Hmmmm...I wonder if company X were MetroPCS or Leap? Wouldn't be Verizon and probably not AT&T. The Democrats would either not approve such a merger or force divestitures making it unappealing for the two mega companies. It makes me wonder if it were possibly not a wireless company but perhsps Comcast or one of the other cable companies.

llama

Isn't Virgin a MVNO...not a full fledged carrier? I don't see why there'd be any kind of "divestitures".

...

Slammer

Interesting thought Azeron. You are correct about Verizon and ATT. I don't see how Verizon would've benefit from such buy anyway. But what about IPCS? They and Sprint have been in the arena more than a few times.

...

WiWavelength

The unnamed suitor would have to be an entity content to operate as an MVNO on the Sprint network or able to migrate Virgin Mobile subs to its own network.

Those considerations would likely rule out both MetroPCS & Leap (dba Cricket), as neither wo...
(continues)

...

Disrespect

Sep 4, 2009, 8:30 AM

Alright alright

You guys caught me. I am COMPANY X 😉

I didn't want you guys to know what I do with my play money. Oh well, I'll now wait for cricket to sell themselves. 😎

aidan11

company x? you bastard fiend! you killed my Malaysian mother. i don't care if she was a whore. you can't buy off everyone! some day you'll pay for the wrongs you've done to me and this world!!!!!!!

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