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Sprint (S), NTELOS (NTLS) Enter Amended Strategic Network Alliance Agreement

May 22, 2014 6:24 AM EDT

Sprint Corporation (NYSE: S) and NTELOS Holdings Corp. (Nasdaq: NTLS) announced that Sprint and NTELOS Inc. ("nTelos") reached an amended agreement to extend their Strategic Network Alliance ("SNA") through 2022. Under the agreement, nTelos will continue to serve as the exclusive network provider for Sprint in the SNA territory, which covers approximately 2.1 million people in West Virginia and the western part of Virginia. In addition, Sprint customers will gain access to nTelos's recently launched 4G LTE network and nTelos will have access to Sprint's 800 MHz, 1.9 GHz and 2.5 GHz spectrum... More