Sprint Nextel Purchases Afilliate Northern PCS

In a press release today Sprint announced the acquisition of affiliate
Northern PCS for a total sum of $312.5 million dollars including the
assumption of all debt.

The affiliate currently serves smaller markets
in Minnesota, Wisconsin, Iowa, and North Dakota with a total of 167,000
subscribers, and 67,000 subscribers with services through resellers.
The transaction is expected to be completed in the third quarter
pending regulatory approvals.

Press Release