Feeds

Sprint pays $483m for a bit of Virgin territory

End of road for pay-as-you-go MVNO

Security for virtualized datacentres

Sprint has snapped up Virgin Mobile USA, folding the brand into its own in exchange for stock that values the operation at $483m.

Not that Sprint will have to raise quite that much: the operator already holds 13.1 per cent of Virgin Mobile USA, as well as being the network on which the MVNO* is hosted. Sprint also runs the Boost Mobile brand, which up until now was a competitor of Virgin Mobile.

Virgin Mobile USA has well over five million subscribers, and has been making money. Sprint reckons that once the deal is completed, it will be able to settle the debts and use the customer base to increase its own prepaid operations.

While prepaid mobiles have revolutionised mobile telecommunications in Europe, the Americans have been much less inclined to hand over cash in advance, despite the advantages of not requiring credit checks (or, more importantly, credit worthiness).

Virgin launched on the premise of anonymous mobile phones (no registration was required) and free-to-receive text messages, both of which were real differentiators back in 2002, and have contributed to the significant market share that Sprint is now able to enjoy. ®

* Mobile Virtual Network Operator - a brand camped on someone else's network.

Intelligent flash storage arrays

More from The Register

next story
Of COURSE Stephen Elop's to blame for Nokia woes, says author
'Google did have some unique propositions for Nokia'
FCC, Google cast eye over millimetre wireless
The smaller the wave, the bigger 5G's chances of success
It's even GRIMMER up North after MEGA SKY BROADBAND OUTAGE
By 'eck! Eccles cake production thrown into jeopardy
Mobile coverage on trains really is pants
You thought it was just *insert your provider here*, but now we have numbers
Don't mess with Texas ('cos it's getting Google Fiber and you're not)
A bit late, but company says 1Gbps Austin network almost ready to compete with AT&T
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.