July 29, 2009 |
Sprint Nextel Corp. said Tuesday that it was buying Virgin Mobile USA Inc. for $483 million, further narrowing the range of consumer choices for prepaid cellphone service. Sprint said it would pay $5.50 for each Virgin Mobile share and assume up to $205 million in debt. Payment will be mostly in Sprint shares. The Overland Park, Kan., company already owns 13.1% of Virgin Mobile, which operates its cellphone service over Sprint's network.
April 10, 2009 |
As the old saying goes, nothing in life is free. Unless, apparently, you're unemployed. Virgin Mobile on Thursday announced a Pink Slip Protection plan that waives as many as three months of wireless phone charges if a customer is laid off. It follows similar protection plans from Ford Motor Co., General Motors Corp. and Hyundai Motor Co. "The economy affects everybody, and it certainly affects our customers," said Jayne Wallace, spokeswoman for Virgin Mobile USA.