Latest in Acquisition

Image credit:

Court rules in favor of Midwestern Nextel spinoff

Chris Ziegler

The endless barrage of legal fallout resulting from Sprint Nextel's merger continues, the latest onslaught coming from iPCS, a Sprint affiliate operating throughout much of the Midwest. According to Cook County Circuit Court in Illinois, the merger violated Sprint's agreement with iPCS to not infringe on their territory (a common theme in affiliates' lawsuits) and is demanding that Sprint file a plan for divesting itself of its Nextel operations in Illinois, Michigan, Iowa, and Nebraska by September 6. Naturally, Sprint intends to appeal "vigorously," though as in so many other cases, an acquisition ultimately seems possible -- if not probable.

From around the web

ear iconeye icontext filevr