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 |  en102Canadian, eh?
join:2001-01-26
Valencia, CA
1 edit | Re: A Titanic sale. If I'm not mistaken, Sprint / iPCS hasn't been a good relationship, and its probably best that they get this over with.
Isn't getting a high return on share price what most companies exist for now anyways (most don't care about what they sell/service... just pump that stock!) | |
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cacoPremium
join:2005-03-10
Whittier, AK | Heads will roll on IPCS side once purchase is completed IPcs big wigs will most likely get nice final check
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»www.seabee.navy.mil | |
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| iansltx
join:2007-02-19
Golden, CO
kudos:2 | Re: Heads will roll on IPCS side once purchase is completed Good riddance. The company has been nothing but trouble for Sprint. | |
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 fancydancerPerception is realityPremium
join:2002-08-28
Springfield, IL | About time! It took until Summer 2008 for iPCS to upgrade their network in my area to EVDO from 1xRTT, albeit it was Rev.A. Good riddance! | |
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|  rawgerzThe hell was that?Premium
join:2004-10-03
Grove City, PA | Re: About time! Now maybe they will be able to update coverage area maps in IPCS areas and roll out 3G all over! | |
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 w0go.O
join:2001-08-30
Springfield, OR | Go Sprint! I'm a fan of this company. WiMAX, openness, Palm Pre, technology driven. Good stuff. | |
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 The BeerI Love It When A Plan Comes TogetherPremium
join:2001-07-24
Atlantic, IA | Finally Hopefully we will get some EVDO in central Nebraska now.
Bad news is something tells me this would have been holding up T-Mobile or someone else buying Sprint &/or Sprint buying someone else.
This purchase was to help with their plans of being bought or buying someone else plain and simple. | |
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| | | Re: Finally said by The Beer:Bad news is something tells me this would have been holding up T-Mobile or someone else buying Sprint &/or Sprint buying someone else. This purchase was to help with their plans of being bought or buying someone else plain and simple. Goodness gracious, people. how many times and ways does it have to be said, t-mobile is not buying Sprint. Even deutsche telekom themselves nixed that idea in so many words.
This was more about Sprint not having to divest portions of their iDEN network and getting a monkey off of their back that kept suing them in order to get the end result that we see today. Now could someone else come in and buy Sprint? Sure, it's possible. However, imo it's doubtful since everyone's most likely suitor, Comcast is about to spends billions to buy a stake in NBC. instead, I find it far more likely that Sprint eventually hooks up with the last of the major postpaid regional carriers, US Cellular. | |
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| | | | Re: Finally About time!! I can't believe they went after Virgin before iPCS. | |
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| | The BeerI Love It When A Plan Comes TogetherPremium
join:2001-07-24
Atlantic, IA | I was simply saying that would hold up any acquisitions by either Sprint or someone wanting to buy Sprint.
I think there is still suitors for a buyout one way or another, UScellular comes to mind as their shareholders are flaming and vocally mad about lack of growth or not just selling out.
A USCC and Sprint deal I don't think would be off the table, USCC has a aging network and a profitable business and Sprint has the network USCC needs to grow.
If USCC's shareholders are ambitious enough they could raise the dough, but Sprint needs to make themselves more worthy of a merger. | |
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| | affiliates Are there any other affiliates under Sprint? I hope this is the last one. | |
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| | | Re: affiliates said by Frenchfry :
Are there any other affiliates under Sprint? I hope this is the last one.
Shentel and Swiftel though they don't seem to be the PITAs that iPCS is/was. | |
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| | | | Re: affiliates Only problem with Swiftel is they are not doing anything to the areas they control. No upgrades and no expansion since it was originally built.
Shentel has been working with Sprint since the merger so it seems they want to stay in business. They are actively upgrading and expanding the network. They have been adding quite a few towers in areas that have no service from any carrier. | |
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| | Understated price Karl, you've understated the price. They're paying $426 million in cash, a tidy exit for iPCS investors and a 34% premium over iPCS's share price on Friday. But Sprint is also assuming $405 million in debt; that makes a total consideration of about $831 million, more than twice iPCS's market cap as of Friday.
»ir.ipcswirelessinc.com/phoenix.z···ghlight= | |
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|  IIIBradIIIComm M-E-L Instr
join:2000-09-28
Greer, SC | Re: Understated price 831m
- ongoing litigation costs
---------
true cost
===== | |
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| | | | Re: Understated price Sure, okay, but the ongoing costs of litigation are probably minimal, I'd guess not even $5 million.
Of course, divesting Sprint's networks in iPCS territory would have been considerably more expensive. In all, this deal probably had to happen. When you consider the affiliate purchasing spree that Sprint went through several years back, it's surprising the deal wasn't done earlier. | |
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| | pandoraPremium
join:2001-06-01
Outland
kudos:1 Reviews:
 ·Google Voice
 ·Comcast
·ooma
·Future Nine Corp..
| said by IIIBradIII: 831m - ongoing litigation costs --------- true cost ===== Exactly! Not to mention that iPCS has been a repeated thorn in the side of Sprint (legally) for years.
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"People demand freedom of speech as a compensation for the freedom of thought which they seldom use." | |
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| |  GbcueP.E.Premium
join:2001-09-30
Santa Rosa, CA
kudos:8 | said by IIIBradIII: 831m - ongoing litigation costs --------- true cost ===== But the litigation cost is to Sprint, which would "drop" the litigation upon itself, no?
Half the lawyers would probably be retained and the other half dropped.
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A Titanic sale.
Well sort of sort of like iPCS unhooking their canoe from the Titanic. When in doubt sell out. I hope iPCS stock holders get big bags of money. 
