Blog Post Idea: Sprint Dials Into Prepaid with Virgin Mobile Acquisition
As part of the agreement, Sprint retired up to $205 million of Virgin Mobile’s outstanding debt.
The acquisition of by Sprint Nextel completed on November 24, 2009 , in a deal valued at approximately $483 million . This move consolidated Sprint's position in the fast-growing prepaid wireless market, combining the iconic Virgin brand with Sprint’s existing Boost Mobile business.
Dan Schulman, former CEO of Virgin Mobile USA, will now head Sprint’s combined prepaid division, overseeing both the Virgin and Boost Mobile brands . Sprint to acquire Virgin Mobile | The Seattle Times
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Evaluating LGD:
S&P Global Market Intelligence's LGD scorecards are used to estimate LGD term structures. These Scorecards are judgment-driven and identify the PiT estimates of loss. The Scorecards are back-tested to evaluate their predictive power on over 2,000 defaulted bonds.
The Corporate, Insurance, Bank, and Sovereign LGD Scorecards are linked to our fundamental databases, meaning no information is required from users for all listed companies and for a large number of private companies.
Final LGD term structures are based on macroeconomic expectations for countries to which these issuers are exposed. Fundamental and macroeconomic data is provided by S&P Global Market Intelligence, but users can again easily utilize internal estimates.
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 Source: S&P Global Market Intelligence; for illustrative purposes only.
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Blog Post Idea: Sprint Dials Into Prepaid with Virgin Mobile Acquisition
As part of the agreement, Sprint retired up to $205 million of Virgin Mobile’s outstanding debt.
The acquisition of by Sprint Nextel completed on November 24, 2009 , in a deal valued at approximately $483 million . This move consolidated Sprint's position in the fast-growing prepaid wireless market, combining the iconic Virgin brand with Sprint’s existing Boost Mobile business.
Dan Schulman, former CEO of Virgin Mobile USA, will now head Sprint’s combined prepaid division, overseeing both the Virgin and Boost Mobile brands . Sprint to acquire Virgin Mobile | The Seattle Times
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