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Dec 1 3:59 PM EST

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To: howsmydrivingal who wrote (215)	10/4/2001 12:05:45 AM
From: howsmydrivingal	Read Replies (1) of 787

wirelessweek.com Virgin, Sprint Mum On Deal Rumors By Kristy Bassuener October 3, 2001 Officials at Sprint PCS and Virgin Mobile USA won't comment on rumors that the two have finally arrived at a mobile virtual network deal. However, a Wireless Week source says the two have sealed a deal that would enable Virgin Mobile USA to market and sell Virgin-branded service in the United States using Sprint PCS' nationwide wireless network. Sprint PCS spokesman Dan Wilinsky would not comment on whether or not the MVNO discussions had resulted in a contract. ''I can't comment on anything at the moment,'' echoed John Tantum, CEO of Virgin Mobile USA. Sprint PCS and Virgin Mobile USA confirmed in June that a possible MVNO deal was under discussion. This summer, speculation was that the two planned a joint venture that would cost roughly $1 billion to finance. Similarly, Virgin Mobile in the U.K. is a 50-50 joint venture between Virgin Group -- a privately held empire run by British billionaire Sir Richard Branson -- and Deutsche Telekom's One 2 One. Virgin Mobile launched in November of 1999, targeting U.K. customers in the teen and under-25 market with great success. Last month, the firm confirmed in a news release it had more than 1 million wireless subscribers. However, some industry watchers are skeptical whether American teens will have the same loyalty to the Virgin brand name.

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