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6 months ago
BRIEF-Sprint, Open Mobile announce joint venture in Puerto Rico, U.S. Virgin islands
February 23, 2017 / 2:17 PM / 6 months ago

BRIEF-Sprint, Open Mobile announce joint venture in Puerto Rico, U.S. Virgin islands

Feb 23 (Reuters) - Sprint Corp:

* Sprint and open mobile announce joint venture in Puerto Rico and U.S. Virgin islands

* Sprint Corp - sprint and open mobile will have a 68% and a 32% economic interest, and a 55% and 45% voting interest in joint venture, respectively

* Sprint corp- both companies will continue to operate separately in market under their current brands until transaction closes

* Sprint corp- no action is required by existing open mobile, sprint, boost mobile, or virgin mobile customers at this time Source text for Eikon: Further company coverage:

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