BlueLLama

Sprint Nextel has agreed to buy wireless affiliate Alamosa Holdings for $4.3 billion in cash. The acquisition, announced Monday, includes the assumption of $900 million in debt. Alamosa is based in Lubbock, Texas, and provides Sprint PCS service in 19 states to about 1.49 million wireless subscribers.

CNET News.com

The Department of Defense plans to purchase Sprint Nextel’s iDEN network. One result of this deal will be that Sprint will receive a large amount bandwidth in the 700 and 800Mhz bands, which it will use to offer nationwide mobile WiMax broadband services over the next four to five years.

PCS Intel