10/19, 4:10pm
Sprint buys out iPCS for $831m
Sprint on Monday said it would buy out one of its affiliate carriers, iPCS, for $831 million. The deal puts the smaller company's push-to-talk iDEN phone service directly under Sprint's control and settles a legal battle between the two that had blocked Sprint from advertising its network and might have prevented Sprint from selling service in those areas. Under the new agreement, Sprint would no longer need to sell off parts of its network in iPCS areas.
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05/01, 4:20pm
Court allows iPCS lawsuit
iPCS, an affiliate of Sprint, announced on Friday that the Cook County Circuit Court has denied Sprint's motion to dismiss parts of iPCS's lawsuit against Sprint for violating its exclusivity agreement with iPCS. Back in May of 2008, Sprint and Clearwire formed a partnership that would see the joint company provide access to the next-generation 4G WiMAX network to its customers. iPCS' lawsuit aims to block Sprint from receiving benefits from its Clearwire deal unless it shares these benefits with its affiliates.
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