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Virgin Mobile USA net jumps on 3.8% lower revenue

Virgin Mobile USA – the MVNO that is soon to be acquired by Sprint Nextel for US$483 million – today reported that second-quarter profit soared on lower expenses despite another net loss of subscribers

FTC approves Sprint-Virgin Mobile USA deal

The US antitrust regulator, the Federal Trade Commission (FTC), has approved Sprint Nextel’s planned US$483 million acquisition of Virgin Mobile USA, one of the country’s largest MVNO.

Mystery company tried to buy Virgin Mobile USA

An AP report notes that Sprint Nextel was not alone in courting Virgin Mobile USA this summer.

iPCS affiliates file suit against Sprint

Three subsidiaries of Sprint affiliate operator iPCS are contesting Sprint Nextel’s planned US$483 million acquisition of MVNO Virgin Mobile USA.

Wal-Mart ups the ante in US prepaid battle

The hugely competitive US prepaid market is expected to become even more cutthroat following news yesterday that Wal-Mart, the world’s largest retailer, is to expand its mobile services nationwide.

Sprint, Virgin Mobile agree to settle lawsuits

Sprint Nextel said yesterday it has reached a “memo of understanding” that aims to settle a series of shareholder lawsuits threatening to derail its US$483 million acquisition of Virgin Mobile USA.