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Sprint Nextel buys Northern PCS for $312.5M

According to  Sprint Nextel it would acquire Northern PCS Services in Minnesota for $312.5 million. The agreement, which includes an unspecified amount of assumed debt, is expected to close in the third quarter.

Since the completion of its $35 billion merger with Nextel in 2005, Sprint has had to deal with disputes with its various affiliates who believed the acquisition violated their exclusivity agreement with Sprint. Last year Sprint bought Ubiquitel for $1.3 billion in cash.

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June 14, 2007 - Posted by | Mobile news

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