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On July 28, 2009, Sprint Nextel Corporation agreed to acquire the outstanding shares of Virgin Mobile USA, Inc. in return for Sprint Nextel stock valued at approximately US$5.50 per share of Virgin Mobile USA common stock. [9] Prior to the purchase, Sprint Nextel owned 13.1% of Virgin Mobile USA. [10] After the acquisition, Sprint Nextel formed ...
Prior to July 9, 2013, Sprint Nextel only owned a 50.8% equity interest in Clearwire Corporation; On December 17, 2012, Sprint Nextel agreed to pay US$2.97 per share, US$2.2 billion in total, to purchase the portion of Clearwire shares that Sprint Nextel did not already own. On June 20, 2013, Sprint Nextel increased its offer to $5 per share ...
In late 2010, Sprint Nextel announced plans to decommission the Nextel iDEN network; on May 30, 2012, Sprint Nextel announced that it would shut down the Nextel network as early as June 2013. [4] The Nextel network was officially shut down at 12:01am on June 30, 2013, and Sprint began the process of deploying LTE equipment on the 800 MHz ...
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Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis. What: Shares ...
The following companies were acquired from Embarq, which was formed in 2006 by the spin-off of the local telephone operations of Sprint Corporation (previously named United Telephone). It also includes companies formerly owned by Centel which was purchased by Sprint in 1993. CenturyLink of Florida, Inc. CenturyLink of Minnesota, Inc.
Sprint Nextel's (NYS: S) second quarter net loss of $1.37 billion, or $0.46 a share, was worse than analysts' not-so-great expectations of a $0.40 a share loss. Yet, in spite of Sprint's second ...