Sprint To Buy UbiquiTel

Sprint stated earlier today their intentions to purchase one of their last major affiliates. UbiquiTel has been contesting several parts of the Sprint Nextel merger, arguing that Sprint’s ownership of Nextel stores and public network competes directly with UbiquiTel, and violates the no-compete clause of their affiliate agreement. Sprint will settle the case by purchasing the affiliate before a ruiling is made on the suit. The acqusition will cost Sprint $1.3 billion, and is expected to be completed later this quarter.

Sprint Press Release
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