Sprint will buy Virgin Mobile USA for $483 million

Author: Jeff

28 Jul

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.

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

Filed under: Business, Cell Phones, Mobile News, Sprint, Virgin Mobile

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3 Responses for "Sprint will buy Virgin Mobile USA for $483 million"

Sprint out $384 million, 257,000 subscribers after Q2 2009 - Specs, reviews and prices. July 29th, 2009 at 1:14 pm 1
[...] may be in the process or purchasing Virgin Mobile USA to the tune of $483 million but that doesn’t mean its all peaches for the [...]
finance blog August 7th, 2009 at 10:17 am 2
[...] may be in the process or purchasing Virgin Mobile USA to the tune of $483 million but that doesn’t mean its all peaches for the [...]
Jace August 30th, 2009 at 10:28 pm 3
This is not good news for consumers. It means that there are going to be fewer prepaid options out there, a less competitive market. Thats why i think they start coming out with a bunch gimmicks. Such as virgins idea of a welfare plan, offering 120 minutes for 10 bucks, besides this is just a bad idea. To offer a break to only a few people when in this economy everyone could really use a break is just going to alienate their other customers.