Sprint Now Owns iPCS
Today Sprint Nextel announced that it has completed its $821 million acquisition of former affiliate iPCS. iPCS is now a wholly-owned subsidiary of Sprint Nextel, and Sprint Nextel expects to be able to swiftly settle all pending litigation between the two entities. iPCS' customer base of 700,000 will be added to Sprint Nextel's, which now covers an additional 12.6 million people. iPCS customers should not experience any change in their service.
Sprint Takes a 33% Stake In Music Service Tidal
Sprint today said it has acquired a 33% stake in Tidal, a music and entertainment platform. Sprint plans to make Tidal's service available to its 45 million retail customers.
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.
AT&T Finalizes Nextel Mexico Acquisition
AT&T today said it has completed its acquisition of Nextel Mexico. Nextel Mexico covers 76 million customers across the country.
Sprint Allowed to Settle Cramming Charges for $50M
Sprint has settled accusations with the Consumer Financial Protection Bureau that it over-billed customers for unwanted services. In May, the FCC fined Sprint $68 million for adding third-party services to customer bills without customer permission — a practice known as cramming.
Sprint Falls to Become No. 4 US Carrier
Sprint reported its second quarter earnings today and the numbers reveal it has fallen behind competitor T-Mobile in the total number of customers. T-Mobile, which gained a total of 2 million new customers during the second quarter, reported a total customer base on 58.9 million.
iPCS sues themselves for allowing the takeover. Why? They've sued everyone else, why not themselves?
"iPCS customers should not experience any change in their service"
So, is this the last independent affiliate?
Class action lawsuit