FTC OKs Sprint Nextel’s Takeover Of Virgin Mobile
The FTC said in a notice on Monday that it had approved the merger, clearing the way for Sprint to acquire one of its wireless resellers.
Sprint unveiled the deal in July, saying it would reinforce the mobile provider’s position in the prepaid sector, in which customers can choose a pay-as-you-go plan.
Facing a decline in its long-term contract subscribers, Sprint has...
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