EDINBURG, Va.-Shenandoah Personal Communications Co. and Sprint Nextel Corp. agreed to extend a mutual agreement to avoid litigation until they can work out a management agreement that takes Sprint Corp.'s acquisition of Nextel Communications Inc. into account. The two companies entered into the agreement...
Sprint Nextel Corp. said it will acquire another of its CDMA affiliates, this time picking up Enterprise Communications for about $98 million including the assumption of debt.The move is the latest in a string of affiliate acquisitions in the wake of Sprint Corp.'s purchase...
RESTON, Va.-Sprint Nextel Corp. said it will acquire another of its CDMA affiliates, this time picking up Enterprise Communications for about $98 million including the assumption of debt. The move is the latest in a string of affiliate acquisitions in the wake of Sprint...
WASHINGTON-Sprint Nextel Corp. wireless affiliate UbiquiTel Inc. said its lawsuit against Sprint Nextel has been pushed back from its original trial date of Dec. 16 until Jan. 9. The lawsuit has also been consolidated with similar cases filed by fellow affiliates Horizon Personal Communications...
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...
NEW YORK-Sprint Nextel Corp.'s planned acquisition of its largest CDMA affiliate Alamosa Holdings Inc. revved up investors of fellow affiliate UbiquiTel Inc. The carrier has yet to resolve ongoing litigation with Sprint Nextel. UbiquiTel's stock price surged more than 10 percent Monday to a...
Verizon Wireless continued to dominate its competitors during the third quarter by adding more than 1.9 million net customers. The strong growth was a 15-percent improvement on the 1.7 million the carrier added last year and handily trumped the 969,000 direct customers added by...
CONSHOHOCKEN, Pa.-Sprint Nextel Corp. wireless affiliate UbiquiTel Inc. posted a disappointing 10,700 net customer additions during the third quarter, which was well below the 17,500 subscribers the carrier added last year although in line with estimates. UbiquiTel ended the quarter with 434,300 direct subscribers...
The following information includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.
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...
Sprint Corp. wireless affiliate UbiquiTel Inc. posted 14,600 net customer additions during the second quarter, short of the 16,900 subscribers the carrier added during the second quarter of 2004 and below analysts' estimates of around 16,500 net customer additions. UbiquiTel ended the quarter with...
Sprint Corp. received an important endorsement for its pending acquisition of Nextel Communications Inc. as the Federal Communications Commission granted its approval for the deal, which will solidify the new Sprint Nextel Corp.'s position as the industry's third-largest operator with more than 40 million...
Sprint Corp. wireless affiliate UbiquiTel Inc. said it has entered into a forebearance agreement with Sprint that will halt UbiquiTel's attempts to seek injunctive or equitable relief from Sprint in connection with Sprint's pending acquisition of Nextel Communications Inc. UbiquiTel filed a suit against...
Sprint Corp. and Nextel Communications Inc. continue to wage a number of side battles in Sprint's attempt to acquire Nextel. Most of the conflicts are with respective affiliates that are trying to clear up partnership pacts before the merger closes, expected to happen sometime...
Sprint Corp.'s wireless affiliate troubles gained more steam as network partner Gulf Coast Wireless L.P. joined the growing list of disgruntled affiliates seeking injunctive relief from Sprint's pending acquisition of Nextel Communications Inc.In a court filing, Gulf Coast, which has ties to fellow affiliate...
OVERLAND PARK, Kan.-An Illinois judge will not issue a temporary restraining order to block Sprint Corp.'s acquisition of Nextel Communications Inc. Sprint affiliate iPCS Inc. requested the restraining order in its lawsuit against Sprint filed July 15. Affiliate iPCS alleges that Sprint's planned acquisition...
An Illinois judge will not issue a temporary restraining order to block Sprint Corp.'s acquisition of Nextel Communications Inc. Sprint affiliate iPCS Inc. requested the restraining order in its lawsuit against Sprint filed last Friday.iPCS alleges that Sprint's planned acquisition of Nextel will breach...
The line of Sprint Corp. wireless affiliates seeking injunctive relief expanded on Friday as iPCS Inc. filed a lawsuit seeking to prevent Sprint from violating its affiliate agreement in relation to its pending acquisition of Nextel Communications Inc. The suit claims that Sprint's pending...
Sprint Corp.'s pending acquisition of Nextel Communications Inc. has become a virtual soap opera, with numerous tit-for-tats that have cropped up ahead of the deal's expected closing later this quarter. The issues are not expected to thwart the deal's final outcome, though they could...
CONSHOHOCKEN, Pa.-Sprint Corp. wireless affiliate UbiquiTel Inc. said it has launched CDMA2000 1x EV-DO services in its Boise, Idaho, and Reno, Nev., markets as part of Sprint's rollout of high-speed wireless data services. "We're thrilled to be the first wireless operator in Boise and...
Sprint Corp.'s pending acquisition of Nextel Communications Inc. received mixed news Wednesday as a Sprint wireless affiliate filed a lawsuit attempting to prevent Sprint from competing against the affiliate in its markets following the planned acquisition. On the positive side, the deal gained support...
CONSHOHOCKEN, Pa.-Sprint Corp. wireless affiliate Ubiquitel Inc. said it has launched CDMA2000 1x EV-DO services in its Boise, Idaho, and Reno, Nev., markets as part of Sprint's roll out of high-speed wireless data services announced last week. "We're thrilled to be the first wireless...
