Sprint Nextel to buy UbiquiTel for $1B

Sprint Nextel will purchase UbiquiTel, a Sprint affiliate with 450,000 subscribers across the Western U.S., for $1 billion. UbiquiTel sued Sprint last year to prevent the Sprint-Nextel merger on the grounds that it violated an agreement that Sprint would not compete with its affiliates. UbiquiTel will drop its lawsuit as part of the agreement. Sprint Nextel has already purchased almost all former Sprint affiliates. Article