iPCS Affiliates Take Sprint to Court Over Virgin Acquisition
A handful of Sprint's iPCS affiliates have filed a lawsuit against the company in an attempt to block its planned taker over of Virgin Mobile. The three affiliates involved — iPCS Wireless, Horizon Personal Communications, and Bright Personal Communications Services — allege that the acquisition violates the affiliates' Management Agreements with Sprint. These agreements prohibit Sprint from competing with the affiliates in their home service areas. The three affiliates want the acquisition blocked until it can be amended to comply with the competition agreements. iPCS took Sprint to court over its Nextel acquisition, and is still litigating against Sprint's relationship with Clearwire.
ipiece of ***
Please buy these D-bags and line up all their execs in a row and slap them. Hard.
Who here actually thought IPCS was not going to jump all over this like a fat kid on a cup cake.