RESTON, Va.-Sprint Nextel Corp. wrapped up the acquisition of its largest CDMA affiliate, Alamosa Holdings Inc. The closing of the $4.3 billion Alamosa transaction gives Sprint Nextel another 1.5 million direct customers in 19 states. It also ends a pending lawsuit from Alamosa subsidiary...
NEW YORK-Alamosa Holdings Inc. revealed that three lawsuits have been filed against the company in Texas, alleging that Alamosa employees provided confidential information to Sprint Nextel Corp. ahead of last month's acquisition announcement. The three suits-filed against Alamosa, its directors and certain senior officers-claim...
The Sprint Nextel Corp. affiliate acquisition train continued to roll as the carrier picked up its largest cargo yet-CDMA affiliate Alamosa Holdings Inc. for $4.3 billion. The purchase price includes Sprint Nextel assuming $900 million of Alamosa debt.Under terms of the deal, Sprint Nextel...
RESTON, Va.-After months of negotiations, Sprint Nextel Corp. reached an agreement to acquire its largest CDMA affiliate, Alamosa Holding Inc., for $4.3 billion, including the assumption of $900 million in debt. Under terms of the Alamosa deal, Sprint Nextel will purchase Alamosa's common stock...
Nationwide wireless carriers received a big push from their smallest player as T-Mobile USA Inc. posted robust third-quarter financials that helped propel the group well beyond last year's growth. The industry's three largest operators were only slightly ahead of last year's growth before T-Mobile...
LUBBOCK, Texas-Sprint Nextel Corp.'s largest CDMA affiliate Alamosa Holdings Inc. posted a 65-percent jump in revenues during the third quarter from $211.4 million in 2004 to $349.4 million this year. The results were slightly below estimates of around $360 million in revenues during the...
LUBBOCK, Texas-Sprint Nextel Corp. wireless affiliate Alamosa Holdings Inc. said it added 33,000 customers during the third quarter, including 28,000 subscribers through its Alamosa operations and 5,000 customers through the AirGate PCS operations that Alamosa acquired earlier this year. The customer growth was well...
Sprint Nextel Corp. continued to throw money at its affiliate problems, announcing plans to acquire a pair of network partners-IWO Holdings Inc. and Gulf Coast Wireless L.P.-for more than $700 million. The deals will add more than 330,000 direct customers to Sprint Nextel's operations...
Consumer appetite for wireless services continued unabated during the second quarter as the nation's seven largest operators posted a 39-percent jump in net customer additions to more than 6 million new subscribers compared with the 4.4 million they added during the second quarter of...
The most unlikely of technology mergers has begun as Sprint Corp. announced Friday that it closed its $35 billion acquisition of Nextel Communications Inc. The new Sprint Nextel Corp. will begin trading under the "S" ticker symbol this week. The closing date, which Sprint...
Rural telecommunications provider and Sprint Corp. wireless affiliate Shenandoah Telecommunications Co. said it has entered into a forbearance agreement with Sprint related to Sprint's pending acquisition of Nextel Communications Inc. Shentel said the agreement reflects the parties' "desire to avoid litigation" while they renegotiate...
LUBBOCK, Texas-Bolstered by its recent acquisition of fellow affiliate AirGate PCS Inc., Sprint Corp.'s largest wireless affiliate Alamosa Holdings Inc. posted a 75-percent increase in second-quarter revenues from $193.3 million in 2004 to $339.4 million this year. Excluding AirGate's contribution, Alamosa's revenues jumped 24...
Sprint Corp. wireless affiliate Alamosa Holdings Inc. said it added 52,000 subscribers during the second quarter, including 42,000 subscribers through its standalone operations, 7,000 subscribers through its recently acquired AirGate PCS Inc. properties and 3,000 subscribers the affiliate acquired from a rural wireless provider...
WASHINGTON-The government's review of the proposed $35 billion merger between Sprint Corp. and Nextel Communications Inc. could be complicated by Sprint wireless affiliate US Unwired Inc. The affiliate made a surprise call for federal regulators either to reject the deal or require divestitures of...
The industry's heavyweights are not the only wireless operators benefiting from the recent consumer surge. A handful of regional operators posted first-quarter results that included generally strong customer growth numbers as well as improving financial metrics. Western Wireless Corp.Posted a company record 58,600 domestic...
LUBBOCK, Texas-Sprint Corp. wireless affiliate Alamosa Holdings Inc. reported $267.8 million in first-quarter revenues, which was a 51.5-percent improvement compared with the $176.7 million the carrier posted during the first quarter of 2004. Alamosa noted that its first quarter 2005 results included $44.7 million...
At first blush, the first quarter could prove an interesting dichotomy for wireless operators as preliminary results from a pair of regional operators paint very different pictures. Sprint Corp. wireless affiliate Alamosa Holdings Inc. said it added 81,000 subscribers during the first quarter, including...
LUBBOCK, Texas-Sprint PCS' largest network affiliate Alamosa Holdings Inc. said it has opened its 100th Sprint-branded dealer location with the launch of the newest location in Coos Bay, Ore., on March 29. Coupled with its recent acquisition of fellow affiliate AirGate PCS Inc. in...
CHILLICOTHE, Ohio-Sprint Corp. provided its consent for the proposed merger of network affiliates Horizon PCS Inc. into iPCS Inc. Sprint's consent was one of the conditions required for the closing of the proposed merger that was originally announced last month. If completed, the merged...
Sprint PCS affiliate iPCS Inc. said it plans to acquire fellow affiliate Horizon PCS Inc., creating the third-largest network affiliate. The deal calls for Horizon shareholders to receive 0.7725 iPCS shares for each Horizon share owned, with iPCS stakeholders owning approximately 57.5 percent of...
Sprint Corp. Chief Operating Officer Len Lauer said the company plans to hold some cash in reserve following its pending acquisition of Nextel Communications Inc. to help fund additional requirements related to the deal or buy back stock. Lauer, speaking at Reuters Technology Summit,...
SAN FRANCISCO-Sprint Corp. Chief Operating Officer Len Lauer said the company plans to hold some cash in reserve following its pending acquisition of Nextel Communications Inc. to help fund additional requirements related to the deal or buy back stock. Lauer, speaking at Reuters Technology...
Sprint PCS affiliate Alamosa Holdings Inc. posted $221.7 million in total revenues during the fourth quarter of last year, which was in line with analysts' estimates and a 32-percent improvement compared with the $168.2 million the carrier posted during the fourth quarter of 2003....
Sprint PCS affiliate Alamosa Holdings Inc. posted $221.7 million in total revenues during the fourth quarter of last year, which was in line with analysts' estimates and a 32-percent improvement compared with the $168.2 million the carrier posted during the fourth quarter of 2003....
