April 9, 2009, 12:59 pm
Virgin Mobile Sets $49.99 Voice Plan; Sprint Deal Revised
Virgin Movile (VM) disclosed in an SEC filing that it signed a revised agreement with Sprint Nextel (S) that reduces the rate Virgin pays Sprint for domestic network usage above a specified base amount. The new deal went into effect April 1. Virgin also said that starting January 1, it will pay a fixed rate to Sprint for text messages, regardless of volume, but will no loner get a discount based on aggregate usage. Figuring the financial imapct of the revised deal is pretty much impossible; the actual rates have been redacted from the copy of the agreement that was attached to the filing. But certainly, lower rates would seem like good thing.
Meanwhile, Virgin announced a new $49.99 all-you-can eat voice plan that includes a “pink slip protection” proivision which waives up to three months of service fees in the event a subscriber becomes unemployed. The $49.99 plan does not include any data services, unlike, say, the similarly priced plan from Sprint’s own Boost Mobile unit.
Virgin today is up 15 cents, or 9.8%, to $1.68.
Solar Stocks #board-11148
Peak Oil #board-6609
Coal #board-2809
Real Estate Bubble #board-7285
Lender Implosion #board-10076
HomeBuilders #board-1680
Your Economy #board-1948
Global Warming #board-11877
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM