CONSHOHOCKEN, Pa.-Sprint PCS affiliate UbiquiTel Inc. entered into an agreement to acquire VIA Wireless, a privately held Sprint PCS network partner.
Under the terms of the transaction, UbiquiTel will issue 16.4 million shares of common stock and assume approximately $25 million of net debt. VIA members will hold approximately 19.5 percent of UbiquiTel’s stock after the transaction.
VIA’s network currently covers approximately 2.5 million residents in California’s central valley.
