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110s - Sprint BuysVirgin Mobile - Sprint Nextel to buy Virgin Mobile USA - Here's the $483-million Deal
Imgagecustomers/WitEL-Virgin-Sprint108w.jpg110s - Sprint BuysVirgin Mobile - Sprint Nextel to buy Virgin Mobile USA - Here's the $483-million Deal
••••• August 1, 2009 -- As Sprint Nextel Corp., the nation's third-largest wireless provider, made an offer to buy Virgin Moble, reported Troy Cory-Stubblefield, CEO of NBS WiTEL®™©.
••••• Virgin Mobile is the sixth-largest provider of prepaid cellphone services, with 5.2 million customers, and the second-largest "virtual network" provider -- meaning it uses another company's network to transmit its calls.
••••• British billionaire Richard Branson's Virgin Group owns 28.3% of Virgin Mobile. SK Telecom has a 15% stake that it received as part of the Helio deal.
••••• Sprint is the third-largest of the four major wireless carriers, which together control about 90% of the cellphone market. It trails AT&T Mobility and Verizon Wireless; T-Mobile USA is fourth.
••••• The Overland Park, Kan.-based company reported a loss of $384 million, or 13 cents per share, in the three months ended June 30. That's larger than its loss of $344 million, or 12 cents per share, a year ago.
••••• Sprint's revenue fell 10 percent to $8.14 billion from $9.06 billion a year ago.
••••• Analysts surveyed by Thomson Reuters had expected a loss of 2 cents per share on lower revenue of $8.12 billion. Analysts typically exclude one-time items from their earnings estimates. The company didn't report an adjusted earnings figure that excludes one-time items.
••••• KANSAS CITY, Mo. The AP news agency reported on July 29th, 2009, that Sprint Nextel Corp. was buying Virgin Mobile USA Inc. for $483 million, further narrowing the range of consumer choices for prepaid cellphone service.
••••• Sprint said it would pay $5.50 for each Virgin Mobile share and assume up to $205 million in debt. Payment will be mostly in Sprint shares. The Overland Park, Kan., company already owns 13.1% of Virgin Mobile, which operates its cellphone service over Sprint's network. • 108is - CLICK FOR MORE 110s - Virgin Media NBS WiTEL Gallery STORY-
ImagesStub/NathanAuthorBooks108w.jpg108is - Virgin Mobile. - Recognizes the Mobil Inventor
••••• Virgin Mobile shares were up 25% on Tuesday, jumping $1.07 to close at $5.28. The company went public in October 2007 at $15 a share. Sprint climbed 4 cents to close at $4.59.
••••• Virgin Mobile as the sixth-largest provider of prepaid cellphone services, with 5.2 million customers, it lags far behind industry leader Tracfone Wireless Inc., which has 12.5 million subscribers, and it has been locked in a price war this year while losing customers.
Prepaid Calling Plans
••••• Prepaid plans were pioneered largely by Virgin Mobile and other mobile virtual network operators, which used pay-as-you-go and inexpensive monthly plans as the hallmark of their competitive strategy.
••••• But such operators have had a particularly difficult time in the U.S. making a business by leasing wireless spectrum from the four major providers and then competing with them. Such labels as Disney, ESPN and Amp'd Mobile have fallen as the network owners ramped up their own prepaid efforts.
••••• The virtual network model has been more successful in Europe, where regulations encourage competition.
••••• "Virgin has been having difficulty getting traction in an increasingly competitive prepaid environment in recent quarters," Stifel Nicolaus analyst Christopher King wrote in a report Tuesday.
• Part of the problem has been its partner, Sprint,
--which unveiled a $50-a-month plan for its prepaid Boost service in January, undercutting Virgin Mobile's $80-a-month offering. King noted that Virgin Mobile launched a $49.99 monthly plan in April, but Tracfone recently unveiled a $45-a-month plan of its own.
••••• The number of prepaid cellphone providers has been shrinking as bigger players buy up smaller rivals. A year ago, for instance, Virgin Mobile bought Helio, a small Westwood joint venture between EarthLink Inc. and South Korean cellphone carrier SK Telecom.
••••• Helio brought to market an upscale device that brought the advanced features of South Korean cellphones to the U.S. market.
• Virgin Mobile felt compelled to sell because
its customer base was declining, the prepaid space is getting much more competitive, and it faced a $100-million debt maturity at the end of next year that "we do not believe it had enough free cash flow to pay off," analyst Walter Piecyk of Pali Research wrote in a report.
••••• Dan Schulman, chief executive of Virgin Mobile USA, is slated to run the combined companies' prepaid services operations.
• The deal is subject to regulatory approval
-- and the approval of Virgin Mobile's shareholders. Sprint said the deal, which it expects to complete late this year or in early 2010, should enable it to make further inroads into the fast-growing market for prepaid cellphone service.
••••• "Prepaid is growing at an unprecedented rate with consumers keenly focused on value," Sprint Chief Executive Dan Hesse said. "Virgin Mobile is an iconic brand in the marketplace that will complement our Boost Mobile brand." • 108is - CLICK FOR MORE VIRGIN Sir Branson STORY. • 108is - CLICK FOR MORE • 110s - Virgin Media NBS WiTEL Gallery STORY-

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Part 01h "At Virgin Media and Virgin Mobile and we want to say well done Nathan and happy 100th anniversary of the Wireless Telephone®™© !" - Sir Richard Branson / WiTEL®™© 2009

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CLICK FOR MORE ON Sir Richard Branson of VIRGIN MOBILE, and his Tribute to:
Nathan B Stubblefield of WiTEL®™©:
1 - Virgin MEDIA Front Page NBS with 1902 WiTEL
2 - Next Original patent 1908
3 - NBS - Industrial College - Mobile Phone
4 - NBS - WiTEL Mobile Phone - Trains
5 - NBS - WITEL Mobile Phone - Car - Vehicles
6 - NBS - WITEL Mobile Phone - Ship to Shore
7 - NBS - WITEL Mobile Phone Sir Richard Branson holding a Motorola 800 in 1985
8 - NBS - WITEL Mobile Phone For this day and age, the Samsung U900 is perfect for people who want the best. 

TVI PUBLICATIONS - OFFICIAL EDITION NOTICE - Use of ISBN.
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••• Television International Publications hereby authenticates the use of its ISBN. The original printed document describing the NBS Wireless Telephone®™© was published in 1907 by the U.S. Patent and Trademark Office, (USPTO) -- under the U.S. Patent, Trademark Laws of 1905.
••• By law, once published, the NBS Wireless Telephone federally registered mark ®™© patent, trademark, drawings, and effects "is presumed valid, and is considered public information, with conditions."
••• The NBS WiTEL®™© organization's RF Aerial system that is required to transmit voice, music and other RF audible effects from one point to another was, and still is referred to as: Aerial Radio Frequencies, Spectrums, Ethero waves, RF-300, EMF, EMW trans-receivers, RF waves, wired wireless firewire spectrums, USB portals, Wireless microphone, Aerial Coils, Antenna wire, Fi-Wi, WiFi, and WiMax, etc.-. CLICK FOR MORE FREE USE OF THE NBS ISBN.
Respectfully Submitted
Josie Cory
Publisher/Editor TVI Magazine
 TVI Magazine, tviNews.net, YES90, Your Easy Search, Associated Press, Reuters, BBC, LA Times, NY Times, VRA's D-Diaries, Industry Press Releases, They Said It and SmartSearch were used in compiling and ascertaining this Yes90 news report.
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