Sprint Buys Northern PCS For $312.5 Million

Sprint Nextel will buy a Minnesota affiliate for $312.5 million including the rural carrier’s debt. The acquisition is expected to close in Q3 (pending regulatory approvals) reports RCR News. Northern PCS Services L.L.C. has more than 167,000 direct subscribers and more than 69,000 reseller customers, and covers an area with around 1.8 million potential subscribers.