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Tag: sprint
Sprint affiliate Shentel to buy Ntelos for USD 640 mln
2015-08-11 08:59:00| Telecompaper Headlines
(Telecompaper) Shenandoah Telecommunications (Shentel) has entered into a definitive agreement to acquire fellow US regional mobile operator Ntelos for approximately USD 640 million in cash. Shentel will assume Ntelos's net debt, which stood at USD 431 million at the end of June, adjusted for its expected obligations from winding down its Eastern Markets division in November. Ntelos shareholders will receive around USD 208 million in cash, or USD 9.25 per share, an approximately 60 percent premium over the last 30 days. The purchase will be financed with an expanded credit facility. The 'nTelos Wireless' brand will be discontinued in favour of Sprint, with which Shentel has concurrently extended its affiliate relationship. Ntelos's 297,500 retail customers in its Western Markets, (parts of Virginia, West Virgina, Maryland, North Carolina, Pennsylvania, Ohio, Kentucky) will use the Sprint branded service. Shentel will continue to upgrade the nTelos network to 4G LTE and expand coverage in the areas with at least an additional 150 sites over the next three years, using spectrum acquired by Sprint and made available to Shentel as part of the transaction.
Tags: buy
usd
affiliate
sprint
nTelos customers move to Sprint via $640m Shentel deal
2015-08-11 02:00:00| Total Telecom industry news
Shentel amends partnership deal with Sprint, nTelos brand to disappear when takeover closes next year.
Tags: move
deal
customers
sprint
Sprint latest to jump on Canada, Mexico roaming bandwagon
2015-08-11 02:00:00| Total Telecom industry news
U.S. telco launches Open World add-on, offering 1 GB of free data to roamers in Canada, Mexico.
Tags: canada
latest
jump
mexico
Softbank grows Q1 sales by 10%, reaffirms commitment to Sprint
2015-08-06 02:00:00| Total Telecom industry news
Telco aims to replicate Japanese turnaround success in the U.S. market.
Tags: to
sales
commitment
grows
T-Mobile officially unseats Sprint as nation's third largest wireless provider
2015-08-05 16:37:39| Wireless - Topix.net
Mobile's aggressive Uncarrier moves have brought about unprecedented change in the wireless industry over the past few years. The company was the first to drop contracts and international roaming data fees as well as introduce early device upgrades and rollover data , often forcing the competition to launch similar programs to keep pace.
Tags: largest
wireless
provider
nations
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