Sprint has recently sent out a press release detailing their intentions to purchase Virgin Mobile USA. You’ll be familiar with Virgin Mobile as one of the nation’s premiere pre-paid carriers.

Anyways, the deal is apparantly set to go down for $483 million in addition to Sprint paying off +$250 million of Virgin Mobile’s debt.

There’s no word on what Sprint plans to do with the Virgin brand but we’ll find out soon enough.

Tags: aquire, Business, buyout, Cell Phones, Mobile News, Sprint, Sprint, Virgin Mobile, virgin mobile usa