NTELOS Holdings Reaches Settlement With Sprint; Terms Not Disclosed

(RTTNews) - NTELOS Holdings Corp. (NTLS) announced that it has reached a settlement with Sprint Corporation over disputes related to their Strategic Network Alliance or SNA. Terms of the agreement were not disclosed.

Under the SNA, nTelos provides exclusive PCS service on a wholesale basis to Sprint's customers in portions of western Virginia and West Virginia. The settlement resolves the open disputes under the SNA, including the data rate reset dispute that began in the fourth quarter 2011 and the unrelated historical billing disputes that were raised in the third quarter 2012.