SAN DIEGO-Sprint PCS plans to acquire a 30.5-percent interest in Mexican wireless carrier Pegaso, said Leap Wireless International Inc., a co-founder and major shareholder in Pegaso.
A memorandum of understanding between the companies calls for Sprint PCS to acquire the stake for up to $250 million by purchasing primary shares issued by Pegaso and buying shares from certain shareholders other than Leap and Pegaso’s Mexican shareholders.
Pegaso expects to reach a definitive agreement with Sprint PCS during the first quarter.
