Sprint Nextel Corp. amputated a source of legal and operational frustration this morning announcing plans to acquire network affiliate iPCS Inc. for $831 million. The deal puts to an end a smattering of legal challenges posed by iPCS that could have forced the industry's...
Regional wireless provider iPCS Inc. posted $9.8 million in losses for 2008, but the company remains optimistic it will continue to add customers and reduce churn.In regard to subscribers, the Sprint Nextel Corp. affiliate said it added 61,200 net customers for 2008, short of...
Following a lengthy legal process, the Circuit Court of Cook County Illinois has ordered Sprint Nextel Corp. to sell all Nextel operations in affiliate iPCS Inc.'s service areas. Sprint Nextel has 360 days to get rid of the iDEN network in the areas. The...
The ongoing battle between Sprint Nextel Corp. and its CDMA affiliate is set for a breather as iPCS withdrew its most recent injunction looking to stop Sprint Nextel's WiMAX joint venture with Clearwire Corp.iPCS withdrew the injunction after the WiMAX venture, dubbed New Clearwire,...
The battle between Sprint Nextel Corp. and its subsidiary iPCS Wireless Inc. rages on, with iPCS gaining some yardage. The affiliate announced that an Illinois court denied Sprint Nextel's motion to dismiss or stay the lawsuit brought by three iPCS subsidiaries in the Circuit...
Sprint Nextel Corp. affiliate iPCS Inc. filed a lawsuit against Sprint Nextel in relation to the recent partnership between the industry's No. 3 carrier and Clearwire Corp. to bring together their WiMAX offerings under the Clearwire brand.In the lawsuit, iPCS claims the deal breaches...
An appellate court in Illinois has confirmed a lower court's decision that would force Sprint Nextel Corp. to divest its Nextel operations in the territory of PCS affiliate iPCS Inc. "This is...
Sprint Nextel Corp. affiliate iPCS Inc. provided further insight into its fourth quarter and full year 2007 operations. The carrier, which previously reported a steep drop in net customer additions for the quarter and flat growth for the year, reported a 6.7% increase in...
Sprint Nextel Corp. affiliate iPCS Inc. said it added about 7,800 net subscribers during a fourth quarter, a number "below our previous expectation," according to the carrier.The company saw a monthly churn rate of 2.7% and ended December with 629,900 customers on its network....
Sprint Nextel Corp. is continuing its battle to right a listing ship. The nation's No. 3 carrier announced it would cut 4,000 jobs and close 8% of its stores after losing 683,000 postpaid subscribers and 202,000 prepaid users during the fourth quarter of last...
Sprint Nextel Corp. is continuing its battle to right a listing ship. The nation's No. 3 carrier announced it would cut 4,000 jobs and close 8% of its stores after losing 683,000 postpaid subscribers and 202,000 prepaid users during the fourth quarter of last...
Sprint Nextel Corp. affiliate iPCS Inc.'s customer additions for the third quarter decreased compared to previous quarters, while the company's churn rate increased. The carrier said it added 10,100 net customers during the third quarter of 2007-a sizeable decrease, given that the company had...
Sprint Nextel Corp. affiliate iPCS Inc. reported a wider net loss for the second quarter of 2007, although its net additions nearly doubled year-over-year and it managed to trim customer churn. IPCS, which serves primarily Midwestern states, had revenues of $133 million, up from...
Sprint Nextel Corp. affiliate iPCS Inc. reported a larger net loss for the first quarter despite increased revenues.The company reported revenues of $120.9 million, an increase from revenues of $112.5 million reported during the same quarter last year. Revenues were just shy of the...
Sprint Nextel Corp. affiliate iPCS Inc. reported that its board of directors has declared an $11 per share cash dividend payable to all holders of common stock as of May 8. The company said it expects the dividend to be treated as a tax-free...
Sprint Nextel Corp. affiliate iPCS Inc. announced subscriber details for the first quarter and disclosed a planned private offering and consent solicitation.The company said it recorded 75,700 gross customer additions and 29,700 net customer additions to end the quarter with 590,900 total customers. Churn...
Sprint Nextel Corp. PCS affiliate iPCS Inc. reported increased revenues and net customer additions for the fourth quarter of 2006, but still recorded an overall loss for the quarter of $12 million.iPCS earned total revenues of $133 million in 2006's fourth quarter, up from...
Sprint Nextel Corp. CDMA affiliate iPCS Inc. said its chief operating officer, Alan G. Morse, has left the company by "mutual agreement."Tim Yager, the carrier's CEO, will assume Morse's duties until a new COO is named.The carrier separately released its customer figures for the...
SCHAUMBERG, Ill.-Sprint Nextel Corp. CDMA affiliate iPCS Inc. is protesting new rates that the larger carrier is charging for back-office services, and has filed a claim that Sprint Nextel is violating the decision of a Delaware court regarding the sale and advertising of iDEN...
SCHAUMBURG, Ill.—IPCS Inc., a Sprint Nextel Corp. affiliate carrier, said its net loss narrowed during the third quarter. The company registered a net loss of $6.7 million, an improvement from net loss of $16.3 million during the same period last year.Revenues were $126.6 million...
RESTON, Va.—Sprint Nextel Corp. has been granted a stay in its ongoing legal battle with PCS affiliate iPCS Inc. that will allow the national carrier to continue operating its Nextel network within iPCS territory. In two separate lawsuits in Illinois and Delaware, disparate rulings...
Sprint Nextel Corp. is doing a fair job of imitating a punching bag, getting pummeled left and right by sliding stock prices, gloomy predictions and integration issues. But while things look rocky for the carrier in the short term and analysts aren't holding out...
RESTON, Va.—Sprint Nextel Corp. said it plans to seek a stay in a court decision that orders the carrier to divest its iDEN operations in territories where CDMA affiliate iPCS Inc. operates. Sprint Corp. took control of Nextel Communication Inc.’s iDEN network when it...
Sprint Nextel Corp. CDMA affiliate iPCS Inc. has claimed victory in a lawsuit that could force Sprint Nextel to divest its iDEN operations in the affiliate's territory. Sprint Corp. took control of the iDEN network when it acquired Nextel Communications Inc. last year. iPCS...
