Sprint PCS Settles Spat with Affiliate
May 17, 2004, 2:05 PM by (staff)
Bankrupt Sprint PCS affiliate Horizon PCS announced today that it has reached agreements with Sprint, which will result in the sale of certain Horizon assets to Sprint and the settlement of all litigation and billing disputes. Sprint will pay Horizon PCS approximately $38 million to acquire 97,000 subscribers and retail store assets in West Virginia and western Virginia. Horizon will also pay $4 million to Sprint as part of the legal settlement.
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