Sprint Affiliates Raise Flags Over $483M Virgin Merger

Law360, New York (September 14, 2009, 12:57 PM EDT) -- Three affiliates of Sprint Nextel Corp. are asking an Illinois court to hold off approval of the wireless giant's proposed $483 million tie-up with wireless reseller Virgin Mobile USA Inc. until Sprint can prove the merger won't break Sprint's affiliate contracts by pitting its partners against Virgin in exclusive service areas.

IPCS Inc. subsidiaries iPCS Wireless Inc., Horizon Personal Communications Inc. and Bright Personal Communications Services LLC filed suit against Sprint Nextel in the Chancery Division of the Circuit Court of Cook County, Ill., on Thursday,...
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