In a move aimed at enhancing its iDEN network coverage, Sprint Nextel has agreed to acquire Velocita Wireless. The carrier plans to use Velocita's 900 MHz spectrum to supplement the iDEN network it acquired along with Nextel Communications. Velocita's customer base consists of approximately 400,000 business and government subscribers. Terms of the deal, which is set to close in the first half of 2006, were not disclosed. The Velocita buy follows an affiliate purchase, announced on Friday, in which Sprint signed a deal to acquire Enterprise Communications for $98 million.
For more on Sprint's plans for Velocita:
- read this RCR News article [1]
PLUS: Sprint Nextel to complete acquisition of Nextel Partners. Article [2]
Links:
[1] http://rcrnews.com/news.cms?newsId=25127
[2] http://www.chron.com/disp/story.mpl/ap/business/3537575.html