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Sprint focuses on prepaid with Virgin Mobile deal (AP)

July 29th, 2009 | No Comments | Posted in Aggregator

This came from Yahoo News

A customer poses a Virgin Mobile phone at Best Buy in Mountain View, Calif., Tuesday, July 28, 2009. Sprint Nextel Corp. said Tuesday it agreed to acquire Virgin Mobile USA Inc. in a stock deal valued at $5.50 per share in a bid to expand its prepaid cell phone offerings. Sprint valued the deal at $483 million, including Sprint's existing 13.1 percent stake in Virgin Mobile. (AP Photo/Paul Sakuma)AP – Sprint Nextel Corp. is intensifying its focus on the fast-growing market for prepaid cell phone service with a $483 million deal to buy Virgin Mobile USA Inc.

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