I don't know why the story isn't showing up but check out the headline: http://www.hoovers.com/free/co/news/detail.xhtml?COID=52181&ArticleID=NR20040514460_e68a00015a8c52af
Eventually I think most of the Sprint Affilliates will sell of their networks, either back to Sprint or to a competitor. (I'm sure there are a few clauses in the agreement to prevent them from selling to a competitor, but I imagine some of the affiliates are beyond caring.
Thanks to Kevin for posting a better link. This agreement is not quite what I had hoped for. I know Dan and some others were hoping that the purchase of Horizon back to Sprint would include other Horizon markets such as Tennessee.
This deal sucks! Horizon PCS only sold off a very small portion of there network to Sprint PCS. Horizon will still be in horrible shape and most markets will still suffer from poor coverage. Sprint PCS should have just bought Horizon entirely out.
But maybe this will help out Horizon enough so that they can begin making at least some improvements to other markets. The 38 million paid to them by Sprint will help their finacial situation and that's a good start. Another plus for those customers in Virgina and West Virginia will be for them to gain access to F&C America plans which are currently not available through Horizon. http://tinyurl.com/29zam
Horizon PCS is in such poor shape I'm highly skeptical of anything helping them out except a complete buyout by Sprint PCS.
Given that the area involved is more or less the area where Horizon actually uses nTelos's network (SID 4379), to me it seems they're trying to get out from under nTelos instead of SPCS! -SC
The rumors are that the Virginia and West Virginia markets (which Sprint agreed to purchase) are the markets that are/were losing the most money for Horizon. I think Horizon stands to be in much better shape after this.
With the terrain in that area, I imagine it would be costly to try and cover it with 1900 Mhz, when I was with US Cellular, it was tough enough covering that part of the country with 800 Mhz, you would put a tower on top of a mountain and use an omni antenna to cover as much as you could in analog...