Regional mobile carrier NTELOS (NTLS -21.8%) has crashed after FBR says it believes Sprint (S)...

|About: NTELOS Holdings Corp. (NTLS)|By:, SA News Editor

Regional mobile carrier NTELOS (NTLS -21.8%) has crashed after FBR says it believes Sprint (S) will end its wholesale deal, with an announcement set for FY13 (ends in March). FBR, which is downgrading shares to Underperform and lowering its PT to $5 from $15, notes the Sprint deal accounted for 32.4% of NTELOS' 2011 wireless revenue, and 57.4% of its adjusted EBITDA.