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Sprint to buy Virgin Mobile for $483 mln


Posted: 31 Jul 2009
TAGS: sprint, virgin
Sprint to buy Virgin Mobile for $483 mln

Wow, we would never expect such a turn... Sprint has officially announced that it intends to acquire Virgin Mobile and according to the release, the deal is done. The CDMA carrier is ready to cough up $483 million in total for the acquisition, and will also cover VM’s $250 million in debt at closing.

It is yet unknown whether Virgin Mobile will function as a separate company or it will be folded into Boost Mobile.

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