In what looks to be shaping up to be another healthy week for M&A activity, Sprint Nextel is putting more of its focus on the prepaid cell phone service market with a $483 million deal to buy out Virgin Mobile USA.
The acquisition, which was announced earlier this morning, calls for Sprint to pay $5.50 in stock for each Virgin Mobile share, a 31 percent premium to the MVNO’s closing share… → Read More
Starting Aug 20th, Virgin Mobile USA will be selling Kyocera’s TNT! handset for just $20; the “soft to the touch” handset is already available from Wal-Mart, Target, Best Buy and Radio Shack. Virgin Mobile says the TNT! flip phone is both stylish and durable and “perfect for consumers who like the simple things in phones.” Simple like talking and texting, (TNT stands for Talk N’… → Read More