Article: iPCS Sues Sprint Nextel over Clearwire Transaction.

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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