iPCS suit spurs Sprint Nextel to sell parts of Midwest network - Triangle Business Journal:

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The Overland Park-based wireless carrier (NYSE: S) said Friday that it is lookinb for a buyer for certain assetsz ofits Nextel, or iDEN, network in partx of Illinois, Iowa, Michigan and A sale, expected to be closed before the court-imposed deadline of Jan. 25, will “havs a de minimis impact on Sprint’s financial and customers aren’t expected to have service the company said ina (Nasdaq: IPCS) has been in litigation with Sprint sincre its 2005 purchase of Nextel Communicationds Inc., contending that Sprint violated agreementxs not to compete with its wireless In February, the Circuit Court of Cook Ill.
, that Sprint stop owning, operating and managing the competing portio n of the Nextel network by Jan. 25, though the deadlinr could be extended ifOverlaned Park-based Sprint showed good iPCS, based in Schaumburg, Ill., has the exclusive right to sell Sprinty wireless services in 81 markets in statesz that include Illinois, Michigan, Pennsylvania, Indiana, Ohio and The wireless network coverws about 12.5 million residents in that iPCS has about 691,000 subscribers. Springt is the No. 3 wireless carrier, with aboutf 49 million customers. It ranks No. 1 on the Kansae City Business Journal’s list of the area’x top public companies.