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Sprint Corporation operated a 4G WiMAX network in the 2.5 GHz band, which had been operated by Clearwire Corporation before it was acquired. Sprint also provided its prepay partners Boost Mobile and Virgin Mobile access to data services via the WiMAX network; including other Mobile virtual network operators under wholesale agreements.
The new BCA gives an exchange ratio of 11.00 Sprint shares for each T-Mobile share, up from the original agreement of 9.75 Sprint shares. SoftBank, Sprint's owner, has agreed to surrender 48.8 million T-Mobile shares acquired in the merger to the New T-Mobile, making SoftBank's effective ratio of 11.31 shares per T-Mobile share.
The following companies were formerly owned by Embarq, acquired in 2009, and formerly owned by Sprint Nextel or United Telephone until 2006. Centel companies are also included, which was purchased by Sprint in 1993. Carolina Telephone and Telegraph Company (North Carolina) Central Telephone Company (Nevada, North Carolina)
December 21, 2005: Sprint Nextel Corporation and Nextel Partners, Inc. reached an agreement for a $6.5 billion deal, whereby Sprint Nextel acquired the largest of Nextel’s affiliates to end Nextel Partners’ opposition to any changes by Sprint in relation to the Sprint-Nextel merger.
Hesse was named CEO of Sprint Nextel on December 17, 2007. [15] [16] [17] During his tenure, Hesse appeared in ten television commercials for the company. The black and white ads, created by Goodby, Silverstein & Partners, were filmed in New York City. [18] Hesse joined Sprint as the company was losing customers following the merger with Nextel ...
Mobile virtual network operators (MVNOs) in the United States lease wireless telephone and data service from the four major cellular carriers in the country—AT&T Mobility, Boost Mobile, T-Mobile US, and Verizon—and offer various levels of free and/or paid talk, text and data services to their customers.
In 1999 McCaw formed Nextel Partners, Inc. which was later acquired by Sprint Nextel, Inc., for $6.5 billion in 2006, following a $36 billion merger between Nextel and the Sprint Corporation in 2005. [ 4 ] [ 5 ]
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