Sprint Corp. is pursuing the acquisition of i-wireless, a Cincinnati provider of prepaid wireless service, as part of an effort to expand the Overland Park, Kan.-based company’s service for low-income consumers.
Sprint was in final talks over the deal as of late Thursday, according to The Cincinatti Enquirer. Sprint would obtain a 70 percent stake in i-wireless and merge it with Assurance Wireless. Financial details were not disclosed.
Sprint’s Assurance Wireless and i-wireless both participate in the federal Lifeline program, which ensures that low-income customers have access to affordable phone service.
Read more: Kansas City Business Journal