Sprint To Acquire US Unwired For $1.3 Billion - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
Infrastructure

Sprint To Acquire US Unwired For $1.3 Billion

In addition to expanding Sprint's direct mobile service by some 500,000 subscribers, the acquisition will halt US Unwired's attempt to block Sprint's merger with Nextel.

Sprint announced Monday that it plans to acquire its mobile phone affiliate, US Unwired, for $1.3 billion.

In addition to expanding Sprint's direct mobile service by some 500,000 subscribers, the acquisition will halt US Unwired's attempt to block Sprint's merger with Nextel Communications.

The deal covers a sweeping subscriber area covering nine states and some 8 million people. The US Unwired units involved in the acquisition are Gulf Coast Wireless, Georgia PCS, and Louisiana and Texas Unwired. US Unwired's coverage includes portions of Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, Oklahoma, Tennessee, and Texas.

"We began our Sprint relationship with a handful of customers and a service territory of 1.8 million residents," said US Unwired president and CEO Robert Piper in a statement. "Our market now covers 8.1 million people and serves more than a half-million subscribers." US Unwired employs some 600 persons and had $408 million in revenues in 2004.

In announcing the acquisition Monday, the firms noted that they will immediately seek to stay litigation filed in U.S. District Court in Louisiana by US Unwired that sought to block the Sprint-Nextel merger.

Sprint reported revenues of $27 billion in its last annual report. Last week the firm announced the launch of its high-speed nationwide data network based on Qualcomm's EV-DO technology.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
Commentary
The Best Way to Get Started with Data Analytics
John Edwards, Technology Journalist & Author,  7/8/2020
Slideshows
10 Cyberattacks on the Rise During the Pandemic
Cynthia Harvey, Freelance Journalist, InformationWeek,  6/24/2020
News
IT Trade Shows Go Virtual: Your 2020 List of Events
Jessica Davis, Senior Editor, Enterprise Apps,  5/29/2020
White Papers
Register for InformationWeek Newsletters
The State of IT & Cybersecurity Operations 2020
The State of IT & Cybersecurity Operations 2020
Download this report from InformationWeek, in partnership with Dark Reading, to learn more about how today's IT operations teams work with cybersecurity operations, what technologies they are using, and how they communicate and share responsibility--or create risk by failing to do so. Get it now!
Video
Current Issue
Key to Cloud Success: The Right Management
This IT Trend highlights some of the steps IT teams can take to keep their cloud environments running in a safe, efficient manner.
Slideshows
Flash Poll