Early Termination for Nextel’s Acquisition of UbiquiTel

On May 17, the DOJ's Antitrust Division granted early termination to Sprint Nextel's acquisition of UbiquiTel, the exclusive provider of Sprint digital wireless mobility communications network products and services under the Sprint brand name to midsize markets in the Western and Midwestern United States. UbiquiTel and Sprint Nextel announced on April 20th that Sprint Nextel would acquire UbiquiTel for approximately $1.3 billion, including the assumption of approximately $300 million of net debt.