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Platinum Wireless acquires MMM Wireless

Posted on: Tue, 17 Nov 2009 14:00:00 EST

Symbols: S

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Nov 17, 2009 (Datamonitor Financial Deals Tracker via COMTEX) --
S | Quote | Chart | News | PowerRating -- Platinum Wireless, Inc., a distributor and retailer of products and services including Sprint Nextel, Boost Mobile, Sony, wholesale merchandise and wireless accessories, has acquired MMM Wireless, Inc., a retailer of wireless products. Both the companies are based in the US.

Deal Type    Acquisition
Sub-Category Majority Acquisition
Deal Status  Completed: 2009-11-16

Deal Participants

Target (Company)   MMM Wireless, Inc.
Acquirer (Company) Platinum Wireless, Inc.

Deal Rationale

The acquisition increases Platinum's branded retail stores to 22 from 4 with locations in California, Arizona, Colorado, and Nevada in the US and positions Platinum Wireless for continued national growth as a Sprint preferred retailer.

For full details on Sprint Nextel Corp (S) S. Sprint Nextel Corp (S) has Short Term PowerRatings at TradingMarkets. Details on Sprint Nextel Corp (S) Short Term PowerRatings is available at This Link.

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