Sprint Corporation (NYSE:S) was founded in 1899 and is headquartered in Overland Park, Kansas, USA. With 28,000 full-time employees, it is the third largest mobile telecommunications company in the United States and an Internet communications operator.
On April 1, 2020, T-Mobile and Sprint completed the merger, making Sprint a subsidiary, and gradually merge the Sprint brand in the future. Sprint delisted!
Sprint Corporation (S):
Sprint Corporation is a subsidiary of SoftBank Group Corp., the company mainly provides various wireless and wired communication products and services to consumers, enterprises, government users, distributors, etc. through its subsidiaries. The service areas include the United States, Puerto Rico, and the United States Beijing Islands and so on.
Sprint Corporation services include:
1. Wireless business -provide wireless data communication services, such as Internet access services, SMS, email services; location positioning services, which can be applied to asset and fleet management, dispatch services, navigation tools; mobile entertainment applications; It also provides wireless voice communication services, including intra-city and long-distance wireless voice services, voice mail, in-call plugging, three-way calling, caller ID, phone number service, call forwarding, international roaming voice and data services, and customized services We provide customized wireless services to large companies and government agencies, and sell wireless equipment, broadband equipment, connection equipment and accessories to agents and third-party distributors.
2. Wireline business -provide wired voice and data communication services, such as using various protocols to provide domestic and international data communication services, such as multi-protocol label switching technology (MPLS), Internet communication protocol (IP), etc., network management services , Internet phone, and traditional voice services to other communication companies, specific enterprises, consumer users, cable TV multi-system operators, etc.
Sprint’s brands include: Sprint, Boost Mobile, Virgin Mobile, Assurance Wireless, etc.
Sprint Corporation History:
- Sprint originated from the Brown Telephone Company established in 1899.
- On December 15, 2004, Sprint Corporation and Nextel Communications announced the merger to form Sprint Nextel Corporation.
- On August 12, 2005, Sprint acquired Sprint PCS affiliate US Unwired for 1.3 billion US dollars.
- On August 30, 2005, Sprint Nextel announced the acquisition of IWO Holdings, Inc., and the transaction was completed on October 20 of the same year.
- On October 3, 2005, Sprint Nextel completed the acquisition of Gulf Coast Wireless.
- On November 31, 2005, Sprint Nextel announced the acquisition of Texas Sprint PCS affiliate Alamosa Holdings for $4.3 billion.
- On December 16, 2005, Sprint Nextel announced the acquisition of Enterprise Communications for US$98 million. On the same day, Sprint Nextel announced the acquisition of Velocita Wireless.
- On December 21, 2005, Sprint Nextel Corporation and Nextel Partners, Inc. reached a $6.5 billion agreement under which Sprint Nextel Corporation acquired the largest subsidiary of Nextel Partners to terminate any of Nextel Partners’ opposition to Sprint’s Sprint-Nextel merger. change. Once the transaction is completed, it will add 2 million users to the company.
- On April 20, 2006, Sprint Nextel Corporation reached an agreement to acquire Ubiquitel PCS Corporation.
- In 2006, Sprint Nextel withdrew from the local telephone (local call) business and transferred these assets to the newly established Embarq company. In 2008, Embarq was acquired by CenturyTel .
- On March 17, 2007, Sprint Nextel Corporation completed the integration of Nextel Partners customers into the Sprint Nextel system.
- On August 2, 2007, Sprint Nextel Corporation completed the acquisition of Northern PCS for US$325 million plus debt.
- On July 28, 2009, Sprint Nextel announced the acquisition of Virgin Mobile USA for US$483 million.
- On October 19, 2009, Sprint Nextel agreed to acquire its last remaining subsidiary, iPCS.
- On December 17, 2012, Sprint Nextel purchased Clearwire’s other assets for $2.97 per share, totaling $2.2 billion.
- On October 14, 2012, Japanese telecommunications company SoftBank announced the acquisition of 70% of Sprint Nextel’s shares for a total of US$20.1 billion. The transaction was completed in July 2013. Due to the partial acquisition of Softbank and the closure of the Nextel network, the company changed its name from Sprint Nextel back to Sprint.
- In August 2013, SoftBank purchased an additional 2% of Sprint’s shares, increasing its total shareholding to 80%.
- On March 31, 2015, the U.S. Bankruptcy Court approved Standard General’s $160 million acquisition of the electronic store chain RadioShack. As part of the transaction, the company established a partnership with Sprint, which began on April 10, 2015. Two retail locations are jointly leased with Sprint. Approximately one-third of each store’s retail space is dedicated to Sprint products and services. The store will eventually adopt Sprint as the main brand instead of RadioShack. Sprint said the deal will enable the company’s retail The area has more than doubled.
- On January 23, 2017, Sprint announced that they were buying a 33% stake in Tidal, a music streaming service provider.
- On February 17, 2017, Reuters reported that Softbank said it was considering selling a majority of the company’s shares to Deutsche Telekom to facilitate an effective merger with T-Mobile US .
- On November 4, 2017, after several months of negotiations, Sprint abandoned its merger plan with T-Mobile .
- On April 10, 2018, T-Mobile and Sprint restarted the merger.
Sprint has been operating as a subsidiary of SoftBank SoftBank since July 10, 2013.
Sprint Corporation (S) investment:
In the United States, Sprint is the fourth largest mobile operator after AT&T , Verizon and T-mobile . It is also an Internet communications operator & global Internet backbone network service provider & the third largest long distance telephone company in the United States.
Delisted due to acquisition by t-mobile !