Sprint-Virgin USA Merger Gets FTC OK

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Sprint’s (s 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.

4 Comments

Jack Taylor

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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