Tuesday, July 28, 2009

Sprint Buys Virgin Mobile

Sprint Nextel Corporation is acquiring Virgin Mobile USA for $483 million, Sprint already owns 13.1 percent of Virgin Mobile, which has been a mobile virtual network operator customer.

The move illustrates the growth of prepaid as a segment within the mobility business, as well as the maturation of the mobile business overall. Organic growth is harder to come by, making growth through acquisition a more reasonable tactic. But the biggest take away is the growth of the prepaid segment, which traditionally has been a segment major operators have shyed away from.


No comments:

Diversity of Thought is What Matters for Decision Making Advantages

Lots of studies of intellectual diversity suggest it helps with decision making. Conversely, one might argue, if all the members of a team, ...