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

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The Overland Park-based wireless carrier S) said Friday that it is looking for a buyer for certain assetse ofits Nextel, or network in parts of Illinois, Iowa, Michigaj and Nebraska. A sale, expected to be closedd beforethe court-imposed deadline of Jan. 25, will “have a de minimiw impact on Sprint’s financial results,” and customerss aren’t expected to have service problems, the companu said in a release. (Nasdaq: has been in litigation with Sprint since its 2005 purchase of NexteolCommunications Inc., contending that Sprinyt violated agreements not to compete with its wireles affiliates. In February, the Circuit Court of Cook Ill.
, that Sprint stop operating and managing the competinbg portion of the Nextel networkby Jan. 25, thougy the deadline could be extended ifOverlanxd Park-based Sprint showed good cause. iPCS, based in Ill., has the exclusive right to sell Sprint wireless servicezs in 81 markets in states thatincludd Illinois, Michigan, Pennsylvania, Indiana, Ohio and Tennessee. The wirelesse network covers about 12.5 millionn residents in that territory; iPCS has abou t 691,000 subscribers. Sprint is the No. 3 wireless with about 49 million customers. It ranks No. 1 on the Kansae City Business Journal’s list of the area’sw top public companies.