& cplSiteName &

Sprint to Buy Virgin Mobile

Michelle Donegan
Wireless Bits
Michelle Donegan

8:45 AM -- Sprint Corp. (NYSE: S) moved to beef up its pay-as-you-go customer base with an agreement to acquire Virgin Mobile USA Inc. (NYSE: VM) in a deal announced this morning.

Sprint will acquire Virgin Mobile for an equity value of $483 million, which includes Sprint's 13.1 percent share in the service provider. When the deal closes, Sprint will retire all of Virgin Mobile's outstanding debt, which was $248 million net of cash and cash equivalents at the end of March.

Virgin's CEO Dan Schulman will head up Sprint's pay-as-you-go business, which will include the Virgin brand of services as well as Sprint's own Boost Mobile services.

— Michelle Donegan, European Editor, Unstrung

(2)  | 
Comment  | 
Print  | 
Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
12/5/2012 | 3:59:48 PM
re: Sprint to Buy Virgin Mobile


About potential service or cost changes?  My wife uses VM as she only uses her cell for emergencies and it is around $7 per month for that.



Michelle Donegan
Michelle Donegan
12/5/2012 | 3:59:47 PM
re: Sprint to Buy Virgin Mobile

Hi seven,

I haven't seen specific details on changes to service plans. But Sprint said it would keep both the Virgin and Boost brands and operate them as separate, complementary services and continue to serve existing and prospective customers.


More Blogs from Wireless Bits
Undercuts Huawei and ZTE in China Mobile 4G tender
CTO says vendor is seeking insight and inspiration from developer competitions
After a few months away, Sarah Reedy is back on the Light Reading team
Four new focus areas for NGMN Alliance highlight the key challenges facing mobile network operators in 2013
9:00 AM Smartphones have bigger mobile data appetites than tablets in Europe
Featured Video
Upcoming Live Events
October 22, 2019, Los Angeles, CA
November 5, 2019, London, England
November 7, 2019, London, UK
November 14, 2019, Maritim Hotel, Berlin
December 3-5, 2019, Vienna, Austria
December 3, 2019, New York, New York
March 16-18, 2020, Embassy Suites, Denver, Colorado
May 18-20, 2020, Irving Convention Center, Dallas, TX
All Upcoming Live Events
Partner Perspectives - content from our sponsors
Multiband Microwave Provides High Capacity & High Reliability for 5G Transport
By Don Frey, Principal Analyst, Transport & Routing, Ovum
5G + Cloud + AI + Ecosystem, Opening New World of Video
By Samuel Chen, President, Cloud & Data Center Marketing, Huawei
All Partner Perspectives