Sprint Nextel Corporation

News and overview for Sprint Nextel Corporation

Sprint Nextel settles Minn. suit over cell phone contracts extended without customer approval -- South Florida Sun-Sentinel.com
Sun-Sentinel (Fort Lauderdale, Fla.) | 7 days 19 hours 6 minutes ago
ST. PAUL, Minn. (AP) — Minnesota customers of Sprint Nextel Corp. who think their cell phone contracts were extended without their say-so can file for refunds of early termination fees under a legal settlement announced Monday.


Sprint Nextel shares jump after Credit Suisse upgrades, says turnaround is coming
Orlando Sentinel (Fla.) | 7 days 23 hours 44 minutes ago
NEW YORK (AP) — Sprint Nextel Corp. shares rose ahead of regular trading Monday after Credit Suisse upgraded the wireless carrier, predicting the company will stop losing net subscribers in the last few months of the year.


Sprint Nextel to Acquire Wireless Affiliate iPCS, Inc.
FierceWireless | 36 days 1 hour 6 minutes ago
More than 700,000 PCS Wireless Users and 270,000 Wholesale Customers to Become Sprint Direct Subscribers Extends Company's Direct Service Territory to an Additional 12.6 Million People Sprint... Read more >>


Sprint Nextel plans layoff "in the dozens" at its wholesale division amid slumping numbers
Orlando Sentinel (Fla.) | 20 days 16 hours 17 minutes ago
OVERLAND PARK, Kan. (AP) — Sprint Nextel Corp. says it plans to trim jobs "in the dozens" from its wholesale division amid a drop in customers.


Sprint Nextel board adopts rule change allowing large shareholders to call special meetings
Orlando Sentinel (Fla.) | 11 days 17 hours 18 minutes ago
OVERLAND PARK, Kan. (AP) — Sprint Nextel officials will now allow large shareholders to call special meetings of investors.


Sprint Nextel plans layoff "in the dozens" at its wholesale division amid slumping numbers -- South Florida Sun-Sentinel.com
Sun-Sentinel (Fort Lauderdale, Fla.) | 20 days 12 hours 2 minutes ago
OVERLAND PARK, Kan. (AP) — Sprint Nextel Corp. says it plans to trim jobs "in the dozens" from its wholesale division amid slowing business.


Sprint Nextel to begin exclusive sale of Palm Pixi beginning Nov. 15 -- South Florida Sun-Sentinel.com
Sun-Sentinel (Fort Lauderdale, Fla.) | 28 days 23 hours 15 minutes ago
OVERLAND PARK, Kan. (AP) — Sprint Nextel plans to sell Palm's Pixi, a lighter and cheaper version of the Palm Pre, beginning Nov. 15.


Sprint Nextel to begin exclusive sale of Palm Pixi beginning Nov. 15
Orlando Sentinel (Fla.) | 28 days 23 hours 2 minutes ago
OVERLAND PARK, Kan. (AP) — Sprint Nextel plans to sell Palm's Pixi, a lighter and cheaper version of the Palm Pre, beginning Nov. 15.


Moody's Investors Service downgrades Sprint Nextel rating to 'Ba2' -- South Florida Sun-Sentinel.com
Sun-Sentinel (Fort Lauderdale, Fla.) | 3 days 15 hours 6 minutes ago
NEW YORK (AP) — Moody's Investors Service said Friday that it downgraded ratings for Sprint Nextel Corp. because it is taking longer than expected to stanch a deterioration in its profit.


Sprint pays down $1 billion in debt; shares jump more than 10 percent
Orlando Sentinel (Fla.) | 7 days 20 hours 54 minutes ago
OVERLAND PARK, Kan. (AP) — Sprint Nextel Corp. said Monday it has paid off the $1 billion balance on its $4.5 billion credit line, helping the company's stock gain more than 10 percent.


Sprint, Clearwire rise on report of new investment; analyst says more cash needed -- South Florida Sun-Sentinel.com
Sun-Sentinel (Fort Lauderdale, Fla.) | 14 days 18 hours 19 minutes ago
NEW YORK (AP) — Shares of Sprint Nextel Corp. and Clearwire Corp. gained Monday after a published report suggesting Sprint and its partner investors will put at least another $1.5 billion into Clearwire.


Sprint plans to cut 2,000 to 2,500 jobs as slump continues -- South Florida Sun-Sentinel.com
Sun-Sentinel (Fort Lauderdale, Fla.) | 14 days 15 hours 32 minutes ago
OVERLAND PARK, Kan. (AP) — Sprint Nextel Corp. on Monday said it will cut 2,000 to 2,500 jobs, mostly before the end of the year, as it keeps losing subscribers.


iPCS Agrees to Settle Shareholder Litigation
FierceWireless | 5 days 21 hours 9 minutes ago
On 9:00 am EST, Wednesday November 18, 2009 SCHAUMBURG, Ill.--(BUSINESS WIRE)--iPCS, Inc. (NASDAQ: IPCS - News), a PCS Affiliate of Sprint Nextel Corporation (NYSE: S - News), today announced that... Read more >>


Sprint shares slip after S&P warning; Agency may cut credit rating
Orlando Sentinel (Fla.) | 12 days 20 hours 26 minutes ago
NEW YORK (AP) — Shares of Sprint Nextel Corp. slipped Wednesday as Standard & Poor's warned it may cut the wireless provider's credit rating based on the its "weak" performance this year.


Sprint, Clearwire rise on report of new investment; analyst says more cash needed
Orlando Sentinel (Fla.) | 14 days 18 hours 24 minutes ago
NEW YORK (AP) — Shares of Sprint Nextel Corp. and Clearwire Corp. gained Monday after a published report suggesting Sprint and its partner investors will put at least another $1.5 billion into Clearwire.





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Company Overview


Company: Sprint Nextel Corporation
Industry: Wireless Network Operators
Website: http://www.sprint.com

Running to keep up in the US telecom race, Sprint Nextel is the #3 wireless carrier behind Verizon Wireless and AT&T Mobility in terms of subscribers. Sprint Nextel serves nearly 40 million customers with mobile voice, data, and Web services over its nationwide network. While the namesake brand is reserved for postpaid accounts, the company also offers prepaid mobile access (mainly to the youth market) through its Boost Mobile subsidiary. Sprint Nextel also provides cellular access to other carriers on a wholesale basis. The company's smaller legacy wireline business provides long-distance voice, Internet, and data network services primarily to corporate customers and other carriers.


Key Numbers

Sales in U.S. Dollars (mil.) 35,635 (2008)
One-year % Growth in Sales -11.2 (2008)
Net Income in U.S. Dollars (mil.) -2,796 (2008)
One-year % Growth in Net Income 0.0 (2008)
Number of Employees 56,000 (2008)
One-year % Growth in Number of Employees -6.7 (2008)
Fiscal Year-End December