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PCS wireless carrier UbiquiTel, Sprint PCS network partner, is bu...

PCS wireless carrier UbiquiTel, Sprint PCS network partner, is buying Via Wireless for $119 million in stock and assuming $25 million debt. UbiquiTel said acquisition would make it 2nd largest Sprint PCS network partner with 11.1 million licensed pops.…

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It plans to issue 16.4 million common shares in deal that will give investors in privately held Via 19.5% of UbiquiTel stock after transaction. UbiquiTel said Via’s markets were contiguous to its own in northern Cal., including Fresno and Stockton.