Sprint buys out push-to-talk carrier iPCS
Sprint on Monday said it would be a buyout of its subsidiary carriers, IPCs, for $ 831 million. The transaction represents the smaller companies push to-talk iDEN phone service directly under the control of Sprint and settles a legal battle between the two that Sprint could from advertising his network and Sprint from the sale of services in these areas had prevented blocked. Under the new agreement,
Sprint would no longer need to sell parts of its network in IPCS areas. The acquisition must be approved by the government, but it is expected that at the end of 2009 or early 2010 completion.
Sprint is a further step in unifying effect on all its businesses. The company bought earlier this year, Virgin Mobile USA and has extensive control of both the push to talk and pay-as-you-go phone markets in the U.S.
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