Simpson Thacher Represents Virgin Mobile USA in its Sale to Sprint Nextel
12.01.09
This is only gets display when printing
Simpson Thacher recently represented Virgin Mobile USA in connection with its sale to Sprint Nextel Corporation in a stock-for-stock transaction. In connection with the acquisition, the Virgin Group agreed to license the Virgin Mobile USA brand to Sprint. The acquisition closed on November 24, 2009.
Prior to the acquisition, Virgin Mobile USA was an NYSE-listed company offering approximately 5 million customers pre-paid and pay-as-you-go service plans with coverage on Sprint's Nationwide Network. The acquisition of Virgin Mobile USA strengthened Sprint’s position in the growing prepaid segment by bringing together the Virgin Mobile brand with Sprint’s Boost Mobile business.
The Simpson Thacher team included: Alan Klein, Jennifer Cheng, Adam Booken and Nick Ferrer (M&A); Joseph Kaufman and Frank Kwok (Securities); John Creed, Nancy Mehlman and Kurt Dudas (Tax); Brian Robbins, Jamin Koslowe and Eric Sarabia (Executive Compensation and Employee Benefits); William Sheehan and Kevin Rubinstein (Credit); Lori Lesser and Genevieve Dorment (Intellectual Property); Frank Marinelli and LeAnn Leutner (Section 16 Issues) and Michael Naughton (Antitrust).