Sprint and Virgin Mobile Settle Shareholder Lawsuits
Today Sprint announced that it has reached an agreement with a number of shareholders who had sued the company over its planned acquisition of Virgin Mobile. Shareholders contended that the acquisition was not in the best interest for shareholders. In order to appease them, Sprint has made a handful of previously unreleased financial documents available that provide more details about the dollar figures involved. The lawsuits have been withdrawn. Sprint still has to face affiliate iPCS, which alleges that the deal breaks its no-compete agreement with Sprint
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 to Sell Motorola Moto E Across Its Prepaid Brands
Sprint today said it plans to sell the Motorola Moto E from Boost Mobile, Virgin Mobile, and Sprint Prepaid this month. The Moto E, which has a larger screen and supports LTE 4G, is available in white from Boost Mobile beginning today for $99.99.
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 Roaming Deal with Cuban Carrier
Sprint today said it has cut a roaming agreement with Telecommunications Company of Cuba (ETECSA). Sprint is the first U.S.
Sprint Planning Virgin Mobile Revamp
Sprint says it has a new strategy in mind for its prepaid brand Virgin Mobile. During a call with analysts today, Sprint execs said the company is de-emphasizing Virgin at the moment in favor of Boost Mobile, and has gone so far as to pull Virgin advertising ahead of a the new strategy's debut.
I'm half expecting to see them sue T-Mobile simply because DT had talked about trying to buy Sprint, and T-Mobile operates in their area.