With PrePaid Customers In Mind, Sprint Buys Virgin Mobile USA For $483M.

"Sprint said today that it’s agreed to buy Virgin Mobile USA, a provider of prepaid cell phone service that runs on Sprint’s EVDO network, for $483 million in stock. With this deal, Sprint will get some 5.2 million prepaid customers, though its position as the No. 3 U.S. cell company will remain unchanged."