iPCS Inc., a PCS Affiliate of Sprint Corp., has completed its merger with Horizon PCS, Inc., another PCS Affiliate of Sprint headquartered in Chillicothe, Ohio.
The combined company will be called iPCS Inc. The merger, originally announced last March, creates the second largest PCS Affiliate of Sprint in terms of covered POPs.
This is a tremendous opportunity for both iPCS and Horizon PCS, as we continue to focus on realizing the potential of our combined territory to achieve increased levels of customer penetration consistent with our peer group, says Timothy M. Yager, iPCSs president and CEO, in a statement.
The iPCS board of directors is made up of seven directors, including Timothy Yager, who continues as president and CEO of the company, and Robert Katz, formerly the lead director of Horizon PCS, who is the new chairman of the board of directors. Alan Morse, formerly the COO of Horizon PCS, now is the COO of iPCS; Steb Chandor will continue as executive vice president and CFO.
iPCS employs more than 450 people and is headquartered in Schaumburg, Ill.