Blog Post Idea: Sprint Dials Into Prepaid with Virgin Mobile Acquisition
Dan Schulman, former CEO of Virgin Mobile USA, will now head Sprint’s combined prepaid division, overseeing both the Virgin and Boost Mobile brands . Sprint to acquire Virgin Mobile | The Seattle Times sprint buys virgin mobile
Sprint paid approximately $483 million in stock to bring Virgin Mobile fully into the fold. Blog Post Idea: Sprint Dials Into Prepaid with
The wireless landscape just shifted in a big way. Sprint Nextel has officially closed its acquisition of Virgin Mobile USA, a move that doubles down on the thriving prepaid segment. In an economy where consumers are increasingly value-focused, Sprint is positioning itself to lead the "no-contract" revolution. Sprint Nextel has officially closed its acquisition of
The acquisition of by Sprint Nextel completed on November 24, 2009 , in a deal valued at approximately $483 million . This move consolidated Sprint's position in the fast-growing prepaid wireless market, combining the iconic Virgin brand with Sprint’s existing Boost Mobile business.
As part of the agreement, Sprint retired up to $205 million of Virgin Mobile’s outstanding debt.