The cutthroat prepaid market will get even more competitive this weekend when Wal-Mart begins offering no-contract plans at bargain-basement rates. The planet’s largest retailer said it will roll out TracFone Wireless’ Straight Talk, which offers a $30-a-month plan as well as a $45 monthly rate that… Read More »
Virgin Mobile USA
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… Read More »
Virgin Mobile USA, which recently agreed to be acquired by Sprint for $483 million in stock, said today its sales for the second quarter were largely unchanged from the same period a year ago, at $290 million. However, its profits nearly quadrupled, to $21.8 million from… Read More »
