M&A Deal Summary

Sprint Acquires Northern PCS Services

On June 13, 2007, Sprint acquired communications company Northern PCS Services for 313M USD

Acquisition Highlights
  • This is Sprint’s 9th transaction in the Communications sector.
  • This is Sprint’s 9th largest (disclosed) transaction.
  • This is Sprint’s 9th transaction in the United States.
  • This is Sprint’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2007-06-13
Target Northern PCS Services
Sector Communications
Buyer(s) Sprint
Deal Type Add-on Acquisition
Deal Value 313M USD
Advisor(s) Stifel, Nicolaus & Co., Inc. (Financial)
Stinson (Legal)

Target

Northern PCS Services

Waite Park, Minnesota, United States
Northern PCS, based in Waite Park, Minnesota, provides Sprint PCS services in certain small to mid-size markets in Minnesota, North Dakota, Wisconsin and Iowa, serving more than 167,000 direct wireless subscribers and more than 69,000 reseller subscribers in a coverage area of more than 1.8 million people.

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Buyer(S) 1

Buyer

Sprint

Overland Park, Kansas, United States
Category Company
Founded 1899
Sector Communications
Employees36,000
Revenue 33.3B USD (2018)
DESCRIPTION
Building on Sprint's corporate campus in Overland Park, Kansas.
Building on Sprint's corporate campus in Overland Park, Kansas.

Sprint is a provider of wireless and wireline communications services for consumers, businesses and government users. In addition to the Sprint brand, Sprint offers its services through Virgin Mobile USA, Boost Mobile, and Assurance Wireless.

DEAL STATS #
Overall 9 of 13
Sector (Communications) 9 of 12
Type (Add-on Acquisition) 7 of 11
State (Minnesota) 1 of 1
Country (United States) 9 of 13
Year (2007) 1 of 1
Size (of disclosed) 9 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-16 Embarq

Overland Park, Kansas, United States

Embarq Corporation offers a complete suite of communications services. For consumers, EMBARQ offers an innovative portfolio of services that includes reliable local and long distance home phone service, high-speed Internet, wireless, and satellite TV from DISH Network. For businesses, EMBARQ has a comprehensive range of flexible and integrated services designed to help businesses of all sizes be more productive and communicate with their customers.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-23 Sprint Nextel - 3 300 Towers

United States

Sprint Nextel - 3,300 Towers are great towers concentrated in large metropolitan markets throughout the U.S. and to support the company’s CDMA, iDEN and WiMAX networks.

Sell $670M
Mergr

Product

Company

Legal