The deal to bring iPCS Inc. into the Sprint Nextel fold cleared its last regulatory hurdles, leaving only the tender offer to buy shares by the end of today.
Sprint said the Federal Communications Commission cleared the transfer of iPCS’ spectrum licenses to Sprint, and West Virginia’s Public Service Commission gave its blessings.
That cleared the deal for its last stage.
The offer to buy iPCS shares is set to expire at 11 p.m. Central, after which investors will receive $24 a share.
The price sets the value of the deal at $437 million. Sprint also had said it would assume $405 million in debt as part of the deal.
iPCS, which sells Sprint-branded services, has 700,000 PCS wireless customers and 270,000 wholesale customers. They will become direct customers of Sprint upon completion of the merger.
The merger also settles legal disputes between the companies that dealt with differences over sales territories.

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