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  #1 (permalink)  
Old 07-28-2009, 04:39 PM
John Navas
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Default NEWS: Sprint pays $483m for a bit of Virgin territory

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.

MORE: <http://www.theregister.co.uk/2009/07/28/virgin_mobile_sprint/>

--
Best regards,
John <http:/navasgroup.com>

If the iPhone is really so impressive,
why do iFans keep making excuses for it?

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  #2 (permalink)  
Old 07-28-2009, 05:56 PM
Frankster
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Default Re: Sprint pays $483m for a bit of Virgin territory

Wow. Sprint still had $483m left? LOL...

-Frank

"John Navas" <spamfilter1@navasgroup.com> wrote in message
news:rcau655bevt9qbcfcretaqevq1v97oe15t@4ax.com...
> 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.
>
> MORE: <http://www.theregister.co.uk/2009/07/28/virgin_mobile_sprint/>
>
> --
> Best regards,
> John <http:/navasgroup.com>
>
> If the iPhone is really so impressive,
> why do iFans keep making excuses for it?



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  #3 (permalink)  
Old 07-28-2009, 08:29 PM
SMS
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Default Re: Sprint pays $483m for a bit of Virgin territory

Frankster wrote:
> Wow. Sprint still had $483m left? LOL...


Most of the $483m is in the form of Sprint stock, which has been doing
very well lately.

Virgin's been hemorrhaging customers, unable to compete in the prepaid
market with their high-cost prepaid. Maybe Sprint can turn things
around, but are they willing to compete aggressively with some of the
plans from Tracfone/Net10/StraightTalk?

Tracfone's Straight Talk now offers 30MB of data plus unlimited calling
and messaging for $45 per month, or 1,000 anytime minutes and 1,000 text
or multimedia messages and 30MB of data for $30 per month, and it's on
Verizon's network which is much better than Sprint's network. Like
Virgin, there's no roaming, so if you go to a non-Verizon area you have
no coverage, but Verizon has a lot more native coverage than Sprint. Of
course StraightTalk's usability is severely limited because you can't
use a SmartPhone with their service.

PagePlus is rumored to be coming out with a plan that includes data next
month, as well as lowering the price of unlimited, and you'll be able to
use any Verizon compatible phone, and you can roam (at extra cost).

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  #4 (permalink)  
Old 07-28-2009, 09:44 PM
Paul Miner
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Default Re: Sprint pays $483m for a bit of Virgin territory

On Tue, 28 Jul 2009 13:29:59 -0700, SMS <scharf.steven@geemail.com>
wrote:

>Virgin's been hemorrhaging customers, unable to compete in the prepaid
>market with their high-cost prepaid.


My wife uses Virgin Mobile because she and I thought it was one of the
least expensive wireless providers. She uses about 10 voice minutes a
month (no data/text) and gets billed less than $17 every 3 months.

>Maybe Sprint can turn things
>around, but are they willing to compete aggressively with some of the
>plans from Tracfone/Net10/StraightTalk?


Thanks, I'll look at those three providers and see how they compare.
The only thing she sort of misses with her current VM service is
International texting, but it hasn't been a big deal to her so I
haven't looked into it.

--
Paul Miner

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  #5 (permalink)  
Old 07-28-2009, 11:06 PM
Todd Allcock
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Default Re: Sprint pays $483m for a bit of Virgin territory


"Paul Miner" <pminer@elrancho.invalid> wrote in message
news:sqru65pceigku93qjpaildb6gpfaaj585i@4ax.com...
> On Tue, 28 Jul 2009 13:29:59 -0700, SMS <scharf.steven@geemail.com>
> wrote:
>
>>Virgin's been hemorrhaging customers, unable to compete in the prepaid
>>market with their high-cost prepaid.

>
> My wife uses Virgin Mobile because she and I thought it was one of the
> least expensive wireless providers. She uses about 10 voice minutes a
> month (no data/text) and gets billed less than $17 every 3 months.


Then you'll love Page Plus. Better (Verizon) coverage, and $10 every 120
days. (About $2.50/month.) Airtime (using the cheapest $10 cards) is
$0.12/minute. They do charge a $0.50 "mantenance fee" every month on the
25th, but given your estimate of 10 minutes/month, that's $1.70/month, so
you'll be looking at about $30/year. (3 x $10 every 120 days.)

You need a compatible phone (Verizon, Alltel, US Cellular preferably, eBay
is lousy with them, and some have reported getting the $30 Verizon prepaid
phones sold by WalMart and Target to work.)

Sprint phones (like Virgin Mobile's) are problematic, but some can be
reprogrammed by a PC with the appropriate software to work on Page Plus, but
it's a PITA I'm told. You can check out the Page Plus forum on
HowardForums.com for more info.




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  #6 (permalink)  
Old 07-28-2009, 11:49 PM
Paul Miner
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Default Re: Sprint pays $483m for a bit of Virgin territory

On Tue, 28 Jul 2009 17:06:59 -0600, "Todd Allcock"
<elecconnec@AnoOspamL.com> wrote:

>
>"Paul Miner" <pminer@elrancho.invalid> wrote in message
>news:sqru65pceigku93qjpaildb6gpfaaj585i@4ax.com.. .
>> On Tue, 28 Jul 2009 13:29:59 -0700, SMS <scharf.steven@geemail.com>
>> wrote:
>>
>> My wife uses Virgin Mobile <snip>

>
>Then you'll love Page Plus. <snip great info>


Thanks, Todd, I'll be checking it out!

--
Paul Miner

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  #7 (permalink)  
Old 07-29-2009, 12:58 PM
SMS
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Posts: n/a
Default Re: Sprint pays $483m for a bit of Virgin territory

Todd Allcock wrote:
>
> "Paul Miner" <pminer@elrancho.invalid> wrote in message
> news:sqru65pceigku93qjpaildb6gpfaaj585i@4ax.com...
>> On Tue, 28 Jul 2009 13:29:59 -0700, SMS <scharf.steven@geemail.com>
>> wrote:
>>
>>> Virgin's been hemorrhaging customers, unable to compete in the prepaid
>>> market with their high-cost prepaid.

>>
>> My wife uses Virgin Mobile because she and I thought it was one of the
>> least expensive wireless providers. She uses about 10 voice minutes a
>> month (no data/text) and gets billed less than $17 every 3 months.

>
> Then you'll love Page Plus. Better (Verizon) coverage, and $10 every
> 120 days. (About $2.50/month.) Airtime (using the cheapest $10 cards)
> is $0.12/minute. They do charge a $0.50 "mantenance fee" every month on
> the 25th, but given your estimate of 10 minutes/month, that's
> $1.70/month, so you'll be looking at about $30/year. (3 x $10 every 120
> days.)


Or going "Gold" on T-Mobile prepaid, where it could be a bit less, with
a one year expiration. If the coverage is sufficient.

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  #8 (permalink)  
Old 07-29-2009, 11:38 PM
John Navas
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Default Re: Sprint pays $483m for a bit of Virgin territory

On Tue, 28 Jul 2009 13:29:59 -0700, SMS <scharf.steven@geemail.com>
wrote in <4a6f5f8b$0$1588$742ec2ed@news.sonic.net>:

>Frankster wrote:
>> Wow. Sprint still had $483m left? LOL...

>
>Most of the $483m is in the form of Sprint stock, which has been doing
>very well lately.


Nonsense. Sprint's current $4.05 price is modestly up from it's low,
but still well down on the 12-month range of $1.35-$9.57.

>Virgin's been hemorrhaging customers, unable to compete in the prepaid
>market with their high-cost prepaid. ...


More nonsense:

But so far this year, Virgin Mobile has been nothing but impressive.
The company tends to beat analysts' performance expectations, and
though revenue has stalled, the company has shown gains in operating
and net income.

<http://www.fool.com/investing/value/2009/07/28/sprint-nextel-marries-virgin.aspx>

>[SNIP]


--
Best regards,
John <http:/navasgroup.com>

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