Sprint Nextel, the nation's Number Three wireless provider, has closed a 427 (m) million dollar deal to buy wireless affiliate I-W-O Holdings, which provides wireless services in New England, upstate New York and Pennsylvania.
I-W-O Holdings provides Sprint-branded services in upstate New York, New Hampshire, Vermont and parts of Massachusetts and Pennsylvania. I-W-O, with 230 employees and 2004 revenue of 187 (m) million dollar, has more than 241-thousand subscribers.
This is the third affiliate that Sprint Nextel has acquired since Sprint acquired Nextel Communications in August.
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