Sprint offers $1.3bn for US Unwired

Listen to this article


Sprint, the US mobile network operator, has launched a $1.3bn tender offer for US Unwired, a Sprint affiliate that resells Sprint services and has more than 500,000 subscribers.

The move comes as Sprint pushes ahead with its pending $35bn acquisition of Nextel Communications and will extend Sprint's direct service territory to an additional 6m people.

“This acquisition would bring an end to a long partnership with the management and shareholders of US Unwired,” said Gary Forsee, Sprint's chief executive.

Copyright The Financial Times Limited 2017. All rights reserved. You may share using our article tools. Please don't copy articles from FT.com and redistribute by email or post to the web.