iPCS, Inc.
News and overview for iPCS, Inc.
Sprint Nextel to buy affiliate iPCS - MarketWatch
MarketWatch | 154 days 40 minutes ago
Terms of the buyout agreement call for Sprint Nextel to pay $24 a share in cash for all the common stock of iPCS, a 34% premium over the closing price of iPCS on Oct. 16. Shares of iPCS, which ended Friday at $17.88, jumped to $23.85 in premarket action.
Sprint buying iPCS for $831 million - MarketWatch
MarketWatch | 154 days 40 minutes ago
Updates, advisories and surprises
Sprint Nextel to Acquire Wireless Affiliate iPCS, Inc.
FierceWireless | 154 days 59 minutes ago
More than 700,000 PCS Wireless Users and 270,000 Wholesale Customers to Become Sprint Direct Subscribers Extends Company's Direct Service Territory to an Additional 12.6 Million People Sprint... Read more >>
Sprint Nextel Receives All Regulatory Approvals for iPCS, Inc. Acquisition
FierceWireless | 116 days 21 hours 34 minutes ago
On 9:00 am EST, Wednesday November 25, 2009 OVERLAND PARK, Kan.--(BUSINESS WIRE)--Sprint Nextel Corp. (NYSE: S - News) today announced that it has received all regulatory approvals needed to... Read more >>
iPCS, Inc. Reports Third Quarter Results [Press Release]
Business Wire | 138 days 15 hours 59 minutes ago
iPCS, Inc. (NASDAQ: IPCS), a PCS Affiliate of Sprint Nextel Corporation, today reported financial and operational results for its third quarter ended September 30, 2009.
iPCS Agrees to Settle Shareholder Litigation
FierceWireless | 123 days 21 hours 2 minutes ago
On 9:00 am EST, Wednesday November 18, 2009 SCHAUMBURG, Ill.--(BUSINESS WIRE)--iPCS, Inc. (NASDAQ: IPCS - News), a PCS Affiliate of Sprint Nextel Corporation (NYSE: S - News), today announced that... Read more >>
Greywolf Capital Sends Letter to iPCS Inc. Board Opposing Sprint Nextel Corp. Offer [Press Release]
PRNewswire | 124 days 14 hours 59 minutes ago
NEW YORK, Nov. 17 /PRNewswire/ --
Sprint Nextel Completes Tender Offer for iPCS, Inc. [Press Release]
Business Wire | 114 days 23 hours 43 minutes ago
Sprint Nextel Corporation (NYSE:S) today announced the successful completion of its tender offer for all outstanding shares of iPCS, Inc. (NASDAQ:IPCS) common stock. The tender offer expired at midnight EST on Wednesday, November 25, 2009 and was conducted through a wholly-owned subsidiary of Sprint Nextel named Ireland Acquisition Corporation.
Sprint Nextel Commences Tender Offer for iPCS, Inc. [Press Release]
Business Wire | 145 days 41 minutes ago
Sprint Nextel Corp. (NYSE:S) today announced that it has commenced its tender offer to acquire all the outstanding shares of common stock of iPCS, Inc. (NASDAQ:IPCS). The tender offer represents the next step toward Sprint’s acquisition of iPCS first announced on October 19, 2009. Sprint anticipates that the acquisition will be completed either late in the fourth quarter of 2009 or early 2010.
Motorola, AT&T lead telecoms - MarketWatch
MarketWatch | 153 days 21 hours 48 minutes ago
Shares of iPCS /quotes/comstock/15*!ipcs/quotes/nls/ipcs (IPCS 23.87, +5.99, +33.50%) surged 33% in recent action. Sprint fell a few pennies.
New Connection - The Tech Observer - Portfolio.com
Portfolio.com | 153 days 18 hours 21 minutes ago
Sprint Nextel buys affiliate iPCS for $831 million, resolving a long-standing dispute.
Sprint Nextel Completes Acquisition of iPCS, Inc. [Press Release]
Business Wire | 107 days 19 hours 56 minutes ago
Sprint Nextel Corporation (NYSE:S) announced today that it has successfully completed its acquisition of iPCS, Inc. (NASDAQ:IPCS). Under the terms of the transaction, announced in October, Sprint Nextel acquired iPCS for approximately $831 million, including the assumption of $405 million of net debt. Sprint Nextel acquired all of iPCS’s outstanding common shares for $24.00 per share in an all-cash transaction.
IPCS shareholder Greywolf Capital opposes purchase by Sprint, says $24 per share too low
Sun (Baltimore), The | 124 days 16 hours 5 minutes ago
Sprint Nextel Corp.'s proposed purchase of wireless affiliate iPCS Inc. is gaining opposition from one of iPCS' largest shareholders.
Greywolf Capital opposes Sprint-iPCS purchase
Yahoo! | 124 days 16 hours 2 minutes ago
SCHAUMBURG, Ill. – Sprint Nextel Corp.'s proposed purchase of wireless affiliate iPCS Inc. is gaining opposition from one of iPCS' largest shareholders.
Sprint completes tender offer for iPCS shares
Yahoo! | 114 days 20 hours 1 minute ago
OVERLAND PARK, Kan. – Sprint Nextel Corp. has taken another step toward acquiring wireless affiliate iPCS Inc.
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Company Overview
| Company: | iPCS, Inc. |
|---|---|
| Industry: | Wireless Network Operators |
| Website: | http://www.ipcswirelessinc.com |
iPCS takes communications services personally. A subsidiary of Sprint Nextel, the company provides digital wireless phone service under the Sprint brand to more than 700,000 subscribers. It covers about 80 markets located primarily in Indiana, Illinois, Iowa, Michigan, New York, Ohio, Pennsylvania, and Tennessee. iPCS sells its products and services through its own retail stores, Sprint-branded shops, and via national retail outlets such as Best Buy, RadioShack, and Wal-Mart. The company generates most of its revenues from subscriber plans and roaming fees charged to Sprint Nextel affiliate customers. Formerly a Sprint Nextel affiliate, iPCS was acquired by Sprint Nextel for $831 million in late 2009.
Key Numbers
| Sales in U.S. Dollars (mil.) | 525.5 (2008) |
|---|---|
| One-year % Growth in Sales | -2.3 (2008) |
| Net Income in U.S. Dollars (mil.) | -9.8 (2008) |
| One-year % Growth in Net Income | 0.0 (2008) |
| Number of Employees | 535 (2008) |
| One-year % Growth in Number of Employees | 0.0 (2008) |
| Fiscal Year-End | December |