Pretty much everyone I know has a cellphone account that’s paid monthly, however, there is another option out there and that’s pre-paid cellphones. Boost, an Irvine, CA based company has pretty much got the market covered for pre-paid cell service, but it looks like they’re about to get some serious competition. Boost’s parent company, Sprint Nextel, has announced plans to buy Virgin Mobile to the sweet sum of $483 million.

Virgin, based in New Jersey, uses the Sprint network for its service. It has competed head-to-head for years with Boost Mobile, based in Irvine. Boost was among the first of the prepaid crowd to offer a $50/month unlimited plan in January (see, “Boost Mobile adds ‘tax-free’ $50/month unlimited plan“).   Virgin added its unlimited plan for one penny less in April.

 

It should be an interesting acquisition for Sprint as they’ve fallen way behind on the prepaid arena.

Original story taken from the OCRegister