Sprint Nextel Corporation
News and overview for Sprint Nextel Corporation
iPCS Agrees to Settle Shareholder Litigation [Press Release]
Business Wire | 5 days 2 minutes ago
iPCS, Inc. (NASDAQ: IPCS), a PCS Affiliate of Sprint Nextel Corporation (NYSE: S), today announced that it has reached an agreement with the plaintiffs to settle the claims asserted in the putative shareholder class action lawsuits related to Sprint Nextel’s proposed acquisition of iPCS. The cases are being heard in the Circuit Court of Cook County, Illinois.
iPCS, Inc. Reports Third Quarter Results [Press Release]
Business Wire | 19 days 16 hours 20 minutes ago
iPCS, Inc. (NASDAQ: IPCS), a PCS Affiliate of Sprint Nextel Corporation, today reported financial and operational results for its third quarter ended September 30, 2009.
Sprint Nextel Reports Third Quarter 2009 Results [Press Release]
Business Wire | 25 days 3 hours 2 minutes ago
Sprint Nextel Corp. (NYSE: S) today reported third quarter 2009 financial results that included consolidated net operating revenues of $8.0 billion, a net loss of $478 million and a diluted loss per share of 17 cents. The company generated Free Cash Flow* of $664 million in the quarter and $2.1 billion year-to-date in 2009. As of September 30, 2009, the company had $5.9 billion in cash, cash equivalents and short-term investments and $1.6 billion in borrowing capacity available under its revo...
Clearwire to Raise Over $1.5 Billion to Continue National Expansion of 4G Mobile Internet Services [Press Release]
Business Wire | 13 days 2 minutes ago
Clearwire Corporation, (NASDAQ: CLWR) announced today that it has executed a definitive agreement to raise $1.564 billion in new investment capital from Sprint Nextel Corporation, Comcast Corporation, Time Warner Cable Inc., Intel Corporation, Eagle River Holdings, LLC and Bright House Networks, LLC in exchange for newly issued shares priced at $7.33 per share.
Clearwire Reports Third Quarter 2009 Results [Press Release]
Business Wire | 12 days 16 hours 57 minutes ago
Clearwire Corporation (NASDAQ:CLWR) (along with its subsidiaries, “Clearwire” or the “Company”), a leading provider of wireless broadband services, today reported its unaudited condensed consolidated financial and operating results for the third quarter ended September 30, 2009.
Sprint Nextel to Acquire Wireless Affiliate iPCS, Inc. [Press Release]
Business Wire | 35 days 2 hours 2 minutes ago
Sprint Nextel Corp. (NYSE: S) and iPCS, Inc. (NASDAQ: IPCS) today announced an agreement for Sprint Nextel to acquire iPCS for approximately $831 million, including the assumption of $405 million of net debt. This transaction value represents 6.4x projected 2010 Adjusted Earnings Before Income, Taxes, and Depreciation (“Adjusted EBITDA”*). Sprint expects to achieve approximately $30 million of synergies annually in the transaction and expects the transaction to be free cash flow accretive to ...
King & Spalding Advises Sprint Nextel in $831 Million Purchase of Wireless Affiliate iPCS, Inc. [Press Release]
MarketWire | 34 days 16 hours 53 minutes ago
ATLANTA, GA -- (Marketwire) -- 10/19/09 -- King & Spalding, a leading international law firm, advised Sprint Nextel Corporation in its merger agreement to acquire its wireless affiliate iPCS, Inc., for approximately $831 million, including the assumption of $405 million of net debt.
Fitch Affirms Wirefree Partners III, LLC PCS Spectrum Lease-Backed Notes Series 2005-1 [Press Release]
Business Wire | 12 days 16 hours 3 minutes ago
Fitch Ratings has affirmed the rating of Wirefree Partners III, LLC PCS Spectrum lease-backed notes series 2005-1 at 'BB' and assigned a Negative Rating Outlook.
/C O R R E C T I O N -- Liberty Media Corporation/ [Press Release]
PRNewswire | 4 days 7 hours 41 minutes ago
In the news release, "Liberty Media Corporation Announces Starz Entertainment to Host Conference Call," issued 17-Nov-2009 by Liberty Media Corporation over PR Newswire, we are advised by the company to disregard the seventh paragraph, which began: "In addition, the conference call will be broadcast..." This paragraph has been removed from the complete, corrected release, which follows:
Liberty Media Completes Split-Off and Merger with The DIRECTV Group, Inc. [Press Release]
PRNewswire | 3 days 7 hours 3 minutes ago
...Colo., Nov. 19 /PRNewswire-FirstCall/ -- Liberty Media Corporation ("Liberty Media") today announced that it has completed...and minority equity investments in Time Warner Inc. and Sprint Nextel Corporation.
Split-Off and Merger Approved at Liberty Media's Special Meeting of Stockholders [Press Release]
PRNewswire | 3 days 15 hours 28 minutes ago
...Nov. 19 /PRNewswire-FirstCall/ -- Liberty Media Corporation ("Liberty Media") announced that, at the previously announced...and minority equity investments in Time Warner Inc. and Sprint Nextel Corporation.
Liberty Media Corporation Announces Starz Entertainment to Host Conference Call [Press Release]
PRNewswire | 5 days 14 hours 26 minutes ago
...directing a request to Liberty Media Corporation, 12300 Liberty Boulevard, Englewood...with the SEC. Liberty Media Corporation owns interests in a broad range...Inc., Time Warner Cable, and Sprint Nextel Corporation.
Sprint Nextel Commences Tender Offer for iPCS, Inc. [Press Release]
Business Wire | 26 days 1 hour 2 minutes ago
Sprint Nextel Corp. (NYSE:S) today announced that it has commenced its tender offer to acquire all the outstanding shares of common stock of iPCS, Inc. (NASDAQ:IPCS). The tender offer represents the next step toward Sprint’s acquisition of iPCS first announced on October 19, 2009. Sprint anticipates that the acquisition will be completed either late in the fourth quarter of 2009 or early 2010.
Liberty Media to Hold Special Stockholder Meeting [Press Release]
PRNewswire | 6 days 5 hours 18 minutes ago
...Colo., Nov. 16 /PRNewswire-FirstCall/ -- Liberty Media Corporation ("Liberty Media") will be holding a previously announced...investments in Time Warner Inc., Time Warner Cable, and Sprint Nextel Corporation.
Stull, Stull & Brody Announces Investigation on Behalf of Shareholders of iPCS Inc. [Press Release]
Business Wire | 25 days 13 hours 45 minutes ago
Attorney Advertising. Notice is hereby given that Stull, Stull & Brody has commenced an investigation on behalf of shareholders of iPCS Inc. (“iPCS” or the “Company”) (Nasdaq: IPCS) for possible breaches of fiduciary duty and other violations of state law in connection with an agreement by iPCS’s Board of Directors to sell all of the Company’s outstanding shares of common stock at a price of $24.00 per share in cash to Sprint Nextel Corporation (“Sprint”).
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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 |
