Home » Uncategorized » Sprint Nextel nabs up Gulf Coast Wireless
Image_46727_tmimage.jpg

Sprint Nextel nabs up Gulf Coast Wireless

Much on the expected lines, Sprint Nextel Corp. has now formally taken over Gulf Coast Wireless Limited Partnership for a hefty figure of around $287.5 million. This figure was chalked out after taking into the consideration the debt portion of the acquired firm. The acquisition is likely to further strengthen the position of the recently merged and forged Sprint Nextel Corporation.

With this acquisition, nearly 1,000,000 customers using Sprint PCS services in Southern Louisiana and Mississippi will come under the direct fold of Sprint Nextel Corporation. This service was previously routed through Golf Coast Wireless. The closing of the deal is also significant in the sense that it will bring to an end the legal troubles for Sprint Nextel which was recently dragged into the U.S. District Court in Middle District of Louisiana by Golf Coast. As part of the acquisition agreement, both Sprint Nextel and Gulf Coast Wireless will now seek an immediate stay of litigation with a final resolution to become effective upon the closing of the acquisition. The acquisition is subject to customary regulatory approvals and is expected to be finally approved in the fourth quarter of 2005.

About Ritwik Sinha

Check Also

wii-oculus-rift-hoverboard

Try Oculus Rift And Wii To Roam Around On The Back To The Future Hoverboard

Check out how you can fly in virtual space by using an Oculus Rift and a Wii Balance Board.

131129-amz

Amazon Appstore for Android Holiday Deals, Including Free Apps

There are tons of deals from the Amazon Appstore that will be offered starting now and throughout the holiday shopping season. They say that they will have "hundreds of titles that are eitehr free... or available between 50-90% off" the regular price.

131129-google

Black Friday: Google Play Store Apps, Games and Content on Sale All Weekend

Case in point, if you head over to the Google Play Store right now, you'll find that Google is celebrating all Cyber Weekend with discounts on all sorts of content. This includes many popular apps and games

131129-gtab

Black Friday Deal: Samsung Galaxy Tab 3 10.1-Inch for $100 Off

Did you manage to score any epic Black Friday deals this morning? Are you still ...

131128-diy

Arduino Co-Creator Releases Plans for $200 DIY Mobile Phone

Mellis was one of the people who came up with the now hugely popular Arduino platform and now he has come up with plans for people to build their own cell phone for about $200 in parts.

131128-apple

No Discounts for Apple Black Friday, Just Free Gift Cards

If you were hoping to save yourself some cash as you brave the Black Friday shopping crowds, you'll want to go somewhere other than the official Apple Stores.