Sprint Nextel picks up another affiliate

Sprint Nextel acquires UbiquiTel.

Sprint Nextel Thursday announced that it is buying UbiquiTel for $1.3 billion.

Sprint is picking 603,000 new customers in nine states with the acquisition, which is pending shareholder approval.

UbiquiTel is the fifth affiliate Sprint Nextel has acquired since merging with Nextel. The company was part of a group of affiliates in a legal dispute with Sprint over how it would be treated post merger. In its deal with UbiquiTel, that legal dispute has been set aside.

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Sprint Nextel Thursday announced that it is buying UbiquiTel for $1.3 billion.

Sprint is picking 603,000 new customers in nine states with the acquisition, which is pending shareholder approval.

UbiquiTel is the fifth affiliate Sprint Nextel has acquired since merging with Nextel. The company was part of a group of affiliates in a legal dispute with Sprint over how it would be treated post merger. In its deal with UbiquiTel, that legal dispute has been set aside.

Sprint has also bought US Unwired for $1.3 billion and Alamosa Holdings for $4.3 billion.

UbiquiTel, of Conshohocken, Penn., offers Sprint wireless services in California, Idaho, Indiana, Kentucky, Nevada, Tennessee, Utah, Washington and Wyoming. The company had $422.7 million in revenues yearend 2005.

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