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.
Sprint Spreads the LG Tribute 2 to Virgin and Sprint Prepaid
Sprint today announced the LG Tribute 2 is now available from Virgin Mobile and Sprint Prepaid. The Tribute 2 has LG's signature rear-placed buttons, 1.2 GHz quad-core processor, LTE, Bluetooth, and WiFi.
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 Signs 15 More Rural Carriers to LTE Initiative
Sprint today announced it has forged LTE 4G roaming agreements with 15 more rural network operators. Today's additions boost the number of carriers participating in Sprint's Rural Roaming Preferred Provider program to 27.
RadioShack Declares Bankruptcy, to Sell Stores to Sprint
RadioShack today filed for Chapter 11 bankruptcy protection and signed an agreement to sell approximately 1,750 of its stores to Sprint. Under the terms of RadioShack's Chapter 11 filing, RadioShack will sell the stores to Sprint and General Wireless, a subsidiary of one of RadioShack's major investors.
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.