FTC, DOJ Approve Sprint-Virgin Mobile Deal

Entities Mentioned

• Federal Communications Commission
• Federal Trade Commission
• Department of Justice
• Virgin Mobile USA
• Virgin Mobile
• Dan Schulman
• Sprint Nextel

1. The proposed $483 million deal between Sprint and Virgin Mobile clears antitrust hurdles from the Federal Trade Commission and the Department of Justice. The acquisition is likely to be part of a continuing consolidation trend in the prepaid market. Sprint's Boost and Virgin Mobile will be competing in a crowded market that already includes Leap Wireless, TracFone and MetroPCS. (Read Full Article)

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