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 The lawsuits have been withdrawn.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 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.
T-Mobile and Sprint Officially End Merger Talks
T-Mobile and Sprint today said they have ceased talks to merge into a single entity. The companies said they could not find mutually agreement terms.
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.