ATLANTA—Sprint Network Partners AirGate PCS Inc. and iPCS Inc. have agreed to merge their operations in a deal valued at nearly $900 million.The deal calls for AirGate to issue 13.5 million common shares to iPCS and assume $97 million of iPCS debt. The combined...
SCHAUMBURG, Ill.-Sprint PCS Network Partner iPCS Inc. reported an investor group led by two of The Blackstone Group's private equity funds, Blackstone Communications Partners and Blackstone Capital Partners III, made a $70 million preferred equity investment in the wireless operator.The preferred stock investment is...
