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US: Sprint goes after the little guys for growth

 |  November 12, 2014

Months after third-place wireless operator Sprint abandoned its plans to merge with fourth-place rival T-Mobile, reports say Sprint has a new merger target in mind.

The Softbank-owned company is said to be planning an acquisition of wireless startup FreedomPop in efforts to boost revenue, unnamed sources said.

The sources noted that no takeover deal has been reached, and that discussions are not guaranteed to result in an agreement.

FreedomPop, based in Los Angeles, has been the target for several possible buyouts in recent months, the sources said, including one large US technology firm and another, smaller wireless carrier.

A takeover of the startup could be valued at up to $450 million, according to reports.

Full content: USA Today

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