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Article: iPCS Sues Sprint Nextel over Clearwire Transaction.
- Article from:
- Business Wire
- Article date:
- May 12, 2008
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Copyright informationCOPYRIGHT 2008 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Claims Sprint Nextel's Agreement with Clearwire Violates Affiliate Agreements
Seeks to Enjoin Sprint Nextel's Combination with Clearwire
SCHAUMBURG, Ill. -- iPCS, Inc. (Nasdaq: IPCS), the largest independent Affiliate of Sprint Nextel, announced today that three of its subsidiaries filed a complaint in the Circuit Court of Cook County, Illinois against Sprint Nextel (NYSE: S) and certain of its related entities. In its complaint, iPCS claims that:
* Sprint Nextel's recently announced WiMAX transaction with Clearwire Corporation (NASDAQ: CLWR) would breach the exclusivity provisions of IPCS's affiliation agreements with Sprint Nextel; and
* Sprint Nextel is ...
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