Sprint’s buying Virgin Mobile for $483 million. Virgin Mobile, if you recall, is a mobile virtual network operator that runs on Sprint and bought defunct Helio earlier. They’re going to mash it up with their Boost Mobile for MVNO funtimes.
The idea, apparently, is to strengthen Sprint’s prepaid business, or something like that. Now I really can’t wait to see their quarterly earnings, to see where the hell Sprint got nearly $500 million to buy an MVNO. [Sprint]
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Sprint Buys Virgin Mobile Because It Apparently Had $483 Million Lying Around [Sprint]
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