SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES
EXCHANGE ACT OF 1934
Date of
Report:
June 1,
2005
MOBILEPRO
CORP.
(Exact
Name of Registrant as Specified in Charter)
|
Delaware |
000-51010 |
87-0419571 |
|
(State of Incorporation) |
(Commission File Number ) |
(IRS Employer Identification
No.) |
6701
Democracy Blvd., Suite 300
Bethesda,
MD 20817
(Address
of principal executive offices) (Zip Code)
(301)
315-9040
(Registrant's
telephone number)
Check the
appropriate box below if the Form 8-K is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following provisions
(see General
Instruction A.2 below):
| o |
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425) |
| o |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12) |
| o |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b)) |
| o |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c)) |
Item
1.01. Entry into a Material Definitive Agreement.
On May
20, 2005, Kite Broadband, LLC (“Kite”) entered into a Master Agreement (the
“Agreement”) for Services with Sprint Communications Company L.P. (“Sprint”)
under which Kite shall provide services to some of Sprint’s broadband customers
in 14 metropolitan markets for a period of three years utilizing the Sprint
Mark. The Agreement includes, among other things, the provisioning of certain
customer-facing services, such as customer operations and call center
management, sales, marketing, billing, collections and providing installation
and repair. Kite is entitled to have Sprint remit collected customer revenues in
exchange for these services and remit a monthly fee back to Sprint for network
support and transport services. The customers remain Sprint customers during the
three-year term of the agreement, which upon expiration, Kite will have the
option to acquire the then existing customers pursuant to the terms of the
agreement. All network and spectrum assets will remain Sprint
property.
On June
1, 2005, MobilePro became the 51% owner of Kite by executing Kite’s Operating
Agreement (the “Operating Agreement”).
The
transactions contemplated by the Agreement are anticipated to close on or before
June 30, 2005.
Both the
Agreement and the Operating Agreement will be filed in an amendment to this Form
8-K or in our next periodic report.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has
duly caused this report to be signed on its behalf by the undersigned thereunto
duly authorized.
| |
|
|
| |
MOBILEPRO
CORP. |
|
|
|
| Date: June 6, 2005 |
By: |
/s/ Jay O.
Wright |
| |
Jay
O. Wright
President
and Chief Executive Officer |
| |
|