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Summary:

Sprint’s $483 million purchase of prepaid phone services giant, Virgin USA, has been approved by the Federal Trade Commission (FTC). The deal still needs some minor clearances from the Federal Communications Commission. The megamillion-dollar purchase highlights the importance of the prepaid and budget segments of the […]

Sprint’s $483 million purchase of prepaid phone services giant, Virgin USA, has been approved by the Federal Trade Commission (FTC). The deal still needs some minor clearances from the Federal Communications Commission. The megamillion-dollar purchase highlights the importance of the prepaid and budget segments of the U.S. cell phone industry, especially in light of the recent economic downturn.

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  1. Friends of Dave (friendsofdave) ‘s status on Tuesday, 25-Aug-09 14:37:38 UTC – Identi.ca Tuesday, August 25, 2009
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  3. FTC gives Sprint-Virgin merger the greenlight : TechVi: Technology matters. Tuesday, August 25, 2009

    [...] US FTC has officially allowed Sprint to merge with prepaid cellphone provider Virgin Mobile, as it had previously planned to do in its $483 [...]

  4. I am a V-mobil customer and i just had a text sent to me this morning about the merger. I hope that the service stays the same but my real question is why would a man sell out v mobil when he does not need the extra money. the man can buy any thing he wants and now he has an extra half billion in his pocket. I’m not a reporter but as a customer this makes me think about whats really going on.

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