Wednesday, May 2, 2012

iPCS suit spurs Sprint Nextel to sell parts of Midwest network - Kansas City Business Journal:

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The Overland Park-based wireless carrier (NYSE: S) said Fridagy that it is looking for a buyer for certainm assets ofits Nextel, or iDEN, networkl in parts of Iowa, Michigan and Nebraska. A expected to be closed beforethe court-imposedr deadline of Jan. 25, will “have a de minimis impac on Sprint’s financial and customers aren’t expected to have servicse problems, the company said in a (Nasdaq: IPCS) has been in litigation with Sprint since its 2005 purchase of NexteCommunications Inc., contending that Sprint violated agreementsa not to compete with its wireless affiliates. In the Circuit Court of Cook Ill.
, that Sprint stop owning, operating and managing the competing portiobn of the Nextel networkby Jan. 25, thoug h the deadline could be extendedc ifOverland Park-based Sprint showec good cause. iPCS, based in Schaumburg, Ill., has the exclusivd right to sell Sprint wireless services in 81 marketds in states thatinclude Illinois, Michigan, Indiana, Ohio and Tennessee. The wireleszs network covers about 12.5 million residents in that iPCS hasabout 691,000 subscribers. Sprint is the No. 3 wirelessa carrier, with about 49 million customers. It rank No. 1 on the Kansass City Business Journal’s list of the area’ws top public companies.

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