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Sprint Nextel acquisition of Virgin Mobile gains OK from FTC

The Federal Trade Commission has apparently ended an antitrust review of Sprint Nextel’s purchase of Virgin Mobile which now means the deal is that much closer to being completed reports The Associated Press.

However the acquisition of Virgin Mobile by Sprint still has to gain approval from the FCC but analysts believe the FCC will take a bit of time but will not be opposed to the deal.

Sprint Nextel already owns some 13.1% of Virgin Mobile and sealing the Virgin Mobile acquisition would then expand Sprint’s fast growing prepaid mobile phone service.

Comments

3 thoughts on “Sprint Nextel acquisition of Virgin Mobile gains OK from FTC”

  1. Reply
    Marcello Vetlino says:

    I have a question about Virgin Mobile.

    Are they offering a low-cost pan for unemployed and other people who need a basic phone w/o the big bills? I keep hearing that they make a $10 a month plan available for those who can’t afford more but I don’t see it on their site.

    Do they have it? If so why don’t they announce it?

  2. Reply
    lester says:

    I really hope Sprint restore some of Virgin mobile’s “cool”. I feel like Virgin’s lost it with offering “Welfare deals” ($10 120 minute welfare deal only available to welfare candidates). They’ve attached an old cardboard sign to all virgin customers necks! I really hope sprint can restore some of the cool young brand image virgin mobile was known for.

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