Sprint Nextel Corporation

News and overview for Sprint Nextel Corporation

Clearwire Completes Transaction With Sprint Nextel and $3.2 Billion Investment to Launch 4G Mobile Internet Company [Press Release]
Business Wire | 37 days 17 hours 46 minutes ago
Clearwire Corporation (NASDAQ:CLWRD for the first 20 trading days and CLWR thereafter) today announced that it has completed the transaction with Sprint Nextel Corporation (NYSE:S) to combine their next-generation wireless Internet businesses. The new company retains the Clearwire name and expects to build the first nationwide 4G mobile broadband network focused on meeting the evolving needs and demands for Internet-based communications services. In addition, Clearwire has received a $3.2 bil...


Carella, Byrne, Bain, Gilfillan, Cecchi, Stewart & Olstein and Freed & Weiss, LLC. Announce Summary Notice of Proposed Class Action Settlement and Settlement Hearing [Press Release]
PRNewswire | 7 days 9 hours 1 minute ago
NEWARK, N.J., Dec. 31 /PRNewswire/ -- The following statement is being issued by the firms, Carella, Byrne, Bain, Gilfillan, Cecchi, Stewart & Olstein and Freed & Weiss, LLC. pursuant to an order of the United States District Court for the District of New Jersey:


Clearwire Completes Landmark Transaction with Sprint Nextel to Combine 4G Mobile WiMAX Businesses [Press Release]
Business Wire | 40 days 14 hours 19 minutes ago
Clearwire Corporation ((NASDAQ:CLWRD) for the first 20 trading days and (NASDAQ:CLWR) thereafter) and Sprint Nextel Corporation (NYSE:S) announced today that they have completed the transaction to combine their next-generation wireless Internet businesses. With the closing, Sprint contributed all of its 2.5 GHz spectrum and its WiMAX-related assets, including its XOHM business, to Clearwire. In addition, Clearwire has received a $3.2 billion cash investment from Comcast, Intel, Time Warner Ca...


Sprint Nextel Business Channel Employees Represented by Nichols Kaster, PLLP Win Class Certification for Commission Claims [Press Release]
MarketWire | 28 days 5 hours 39 minutes ago
KANSAS CITY, KS -- (Marketwire) -- 12/10/08 -- On December 10, 2008 the District Court of Kansas certified a class of several thousand Business Channel employees and their managers who are alleging Sprint Nextel Corp. failed to pay them all their commissions due. This decision follows a November 24th decision by the same Court certifying a class of over 19,000


Gary D. Forsee Named to Great Plains Energy Board of Directors [Press Release]
Business Wire | 30 days 12 hours 31 minutes ago
Gary D. Forsee, president of the University of Missouri and former chairman and chief executive officer of Sprint Nextel, has been appointed to the board of directors of Great Plains Energy Incorporated (NYSE: GXP). Forsee’s board term will begin immediately.


Liberty Media Corporation to Present at the Citi 19th Annual Global Entertainment, Media, and Telecommunications Conference [Press Release]
PRNewswire | 8 days 6 hours 58 minutes ago
ENGLEWOOD, Colo., Dec. 30 /PRNewswire-FirstCall/ -- Liberty Media Corporation


Give the Gift of Wireless Without a Contract With Boost Mobile's All-in-One Prepaid Phone and Service Package [Press Release]
MarketWire | 28 days 12 hours 31 minutes ago
IRVINE, CA -- (Marketwire) -- 12/10/08 -- Do you want to give that special someone a mobile phone for the holidays, but are concerned about the long-term contract and monthly bills that come with it? Holiday help is just a phone call or computer keyboard click away, thanks to Boost Mobile, the prepaid division of Sprint Nextel Corporation (NYSE: S). Sprint's all-in-one Boost Mobile phone and service is now available at thousands of locations throughout the U.S., including major retail stores...


Liberty Media Corporation Announces Greg Maffei, President and CEO of Liberty Media to Host Conference Call [Press Release]
PRNewswire | 22 days 2 hours 38 minutes ago
ENGLEWOOD, Colo., Dec. 16 /PRNewswire-FirstCall/ -- Liberty Media Corporation


Liberty Media Corporation to Present at the UBS 36th Annual Global Media and Communications Conference [Press Release]
PRNewswire | 29 days 21 hours 43 minutes ago
ENGLEWOOD, Colo., Dec. 8 /PRNewswire-FirstCall/ -- Liberty Media Corporation


Liberty Media's QVC Unveils One of North Carolina's Largest Solar Projects [Press Release]
PRNewswire | 20 days 13 hours 31 minutes ago
...Carolina Electric Membership Corporation (NCEMC) is the purchaser...schedule. Liberty Media Corporation owns interests in a broad range...investments in Time Warner Inc. and Sprint Nextel Corporation. QVC, Inc., a wholly...


Liberty Media Corporation Announces Partial Unwind of DIRECTV Equity Collar Arrangement [Press Release]
PRNewswire | 43 days 18 hours 59 minutes ago
ENGLEWOOD, Colo., Nov. 25 /PRNewswire-FirstCall/ -- Liberty Media Corporation ("Liberty")


Sprint Posts a Loss as Subscribers Defect - NYTimes.com
New York Times, The | 61 days 5 hours 42 minutes ago
KANSAS CITY, Mo. (AP) — The Sprint Nextel Corporation lost another 1.3 million wireless subscribers to its competitors during the third quarter, leading the company to post a loss that sent its stock skidding Friday. Daniel R. Hesse, Sprint’s chief executive, told analysts that Sprint Nextel plans to work harder to attract new customers during the coming holiday season but acknowledged, “We have yet to turn the corner.”


Liberty Media Announces Plan to Split-Off a Majority of Liberty Entertainment [Press Release]
PRNewswire | 26 days 1 hour 50 minutes ago
ENGLEWOOD, Colo., Dec. 12 /PRNewswire-FirstCall/ -- Liberty Media Corporation


Illinois Supreme Court Denies Sprint's Petition for Leave to Appeal upon Reconsideration
FierceWireless | 55 days 14 hours 51 minutes ago
Illinois Supreme Court also Extends Time for Sprint's Compliance with the Order SCHAUMBURG, Ill., Nov 13, 2008 (BUSINESS WIRE) -- iPCS, Inc., today announced that on November 12, 2008, the Supreme... Read more >>


Liberty Media Corporation Announces Mike George, President and CEO of QVC, Inc. to Host Conference Call [Press Release]
PRNewswire | 50 days 12 hours 1 minute ago
ENGLEWOOD, Colo., Nov. 18 /PRNewswire-FirstCall/ -- Liberty Media Corporation





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Company Overview


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

Running to keep up in an ever-changing telecom race, Sprint Nextel is the result of a marriage of two leading US wireless companies. The combination of #3 carrier Sprint with former #5 Nextel Communications has created a wireless giant that aspires to take on Verizon Wireless and AT&T Mobility. Sprint Nextel, the leading local phone company in the US without a Baby Bell lineage, operates a nationwide digital wireless network with more than 40 million subscribers. It also provides cellular access on a wholesale basis to other carriers. The company's smaller wireline business provides long-distance voice, Internet, and data network services primarily to corporate customers and other communications carriers.


Key Numbers

Sales in U.S. Dollars (mil.) 40,146 (2007)
One-year % Growth in Sales -2.1 (2007)
Net Income in U.S. Dollars (mil.) -29,580 (2007)
One-year % Growth in Net Income 0.0 (2007)
Number of Employees 60,000 (2007)
One-year % Growth in Number of Employees -42.0 (2007)
Fiscal Year-End December