Sprint Nextel Corporation
News and overview for Sprint Nextel Corporation
iPCS Agrees to Settle Shareholder Litigation [Press Release]
Business Wire | 4 days 14 hours 15 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 6 hours 33 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 | 24 days 17 hours 15 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...
Sprint Nextel settles Minn. suit over cell phone contracts extended without customer approval -- South Florida Sun-Sentinel.com
Sun-Sentinel (Fort Lauderdale, Fla.) | 6 days 9 hours 33 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.) | 6 days 14 hours 11 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.
Clearwire to Raise Over $1.5 Billion to Continue National Expansion of 4G Mobile Internet Services [Press Release]
Business Wire | 12 days 14 hours 15 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.
Sprint Nextel board adopts rule change allowing large shareholders to call special meetings
Orlando Sentinel (Fla.) | 10 days 7 hours 45 minutes ago
OVERLAND PARK, Kan. (AP) — Sprint Nextel officials will now allow large shareholders to call special meetings of investors.
Clearwire Reports Third Quarter 2009 Results [Press Release]
Business Wire | 12 days 7 hours 10 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 | 34 days 16 hours 15 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 ...
Sprint Nextel plans layoff "in the dozens" at its wholesale division amid slumping numbers
Orlando Sentinel (Fla.) | 19 days 6 hours 44 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 plans layoff "in the dozens" at its wholesale division amid slumping numbers -- South Florida Sun-Sentinel.com
Sun-Sentinel (Fort Lauderdale, Fla.) | 19 days 2 hours 29 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.
Moody's Investors Service downgrades Sprint Nextel rating to 'Ba2' -- South Florida Sun-Sentinel.com
Sun-Sentinel (Fort Lauderdale, Fla.) | 2 days 5 hours 33 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.
King & Spalding Advises Sprint Nextel in $831 Million Purchase of Wireless Affiliate iPCS, Inc. [Press Release]
MarketWire | 34 days 7 hours 6 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.
Sprint Nextel to begin exclusive sale of Palm Pixi beginning Nov. 15 -- South Florida Sun-Sentinel.com
Sun-Sentinel (Fort Lauderdale, Fla.) | 27 days 13 hours 42 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.
Fitch Affirms Wirefree Partners III, LLC PCS Spectrum Lease-Backed Notes Series 2005-1 [Press Release]
Business Wire | 12 days 6 hours 16 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.
Sign up for CTIA SmartBrief
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 |