Sprint Nextel Corporation (NYSE: S), headquartered in Reston, Virginia, is one of the largest telecommunications companies in the world, with a combined market capitalization of $77. 1 billion as of early 2006. It operates the third largest wireless telecommunications network in the U. 99 at the official Cingular site. S. based on total wireless customers—behind Cingular Wireless and Verizon Wireless—with 51 million subscribers, under both the Sprint PCS and Nextel brands. It is also a provider of landline, long distance, and is a Tier 1 Internet service provider under the name SprintLink. As well as operating several units that provide businesses and governments with communications services. The new company, formerly known as Sprint Corporation, was created from the $35 billion purchase of NEXTEL Communications by Sprint, though the entire deal was billed as a merger of equals. Both internally and externally, Sprint is an acceptable short name for the company.
The company maintains its operational and engineering offices in Overland Park, Kansas. Affordable, reliable wireless services for you and your family from Verizon Wireless.
The Sprint Corporation was founded in 1899 by Cleyson Leroy Brown under the Brown Telephone Company in the small town of Abilene, Kansas. The company was a landline telephone company that operated as a competitor to the Bell System.
In the mid 20th century, Brown changed its name to United Utilities. That company changed its name to United Telecommunications in 1972, as it began to offer a more diversified product range.
Southern Pacific Communications Company (SPCC), a unit of the Southern Pacific Railroad began offering their dial-up service shortly after the Execunet II decision late in 1978. The Railroad had extensive rights of way that could be used to lay long-distance communications. Prior attempts at offering long distance service were not approved by the Federal Communications Commission, though the company's fax service (SpeedFAX) had been permitted. Includes rate plans,
equipment, and area coverage. SPC was headquartered in Burlingame, California (where Sprint still maintains a small presence on Adrian Ct. ). According to company employees, Sprint was a name chosen by a contest sponsored within the company by Rex Hollis, the VP of Marketing at the time. It was an acronym for "Southern Pacific Railroad INTegration".
Southern Pacific Communications became part of GTE in 1982. In 1986, Sprint was merged with US Telecom (the long distance arm of United Telecom) to form US Sprint. This was a partnership owned by GTE and United Telecom. Proceed to Sprint. In 1989 United Telecom purchased controlling interest in US Sprint. In 1991 United Telecom completed its acquisition of US Sprint. That same year United Telecom changed its name to Sprint.
In 1993, Sprint acquired Centel, which allowed Sprint to provide local service in a total of 18 states.
In 1995, the company began to offer wireless service under the Sprint PCS brand.
On October 5, 1999 Sprint and MCI WorldCom announced a $129 Billion dollar merger agreement between the two companies. The deal would have been the largest corporate merger in history at the time. Explore calling plans and coverage maps to find a plan with a style. However the deal did not go through because of pressure from the United States Department of Justice and the European Union on concerns of it creating a monopoly.
In 2003, Sprint began recombining their local telecom, long distance, wireline, and wireless business units into a new company, marketing the combined company as "One Sprint". In April 2004, the separately-traded wireless tracking stock, "PCS", was absorbed into the New York Stock Exchange (NYSE) "FON" ticker symbol, Sprint's former ticker symbol. (FON stood for "Fiber Optic Network", which was Sprint's bragging right, but was also a homophone of the word "phone").
NEXTEL was founded as FleetCall in 1987 by Morgan E. O' Brien, a Washington, DC, communications attorney, and changed its name to NEXTEL Communications in 1993. In 1995, wireless pioneer Craig McCaw became a significant investor in the company. Stay connected with unlimited IN calling - TXT & PIX are now IN!. Mark Warner, a former Virginia Governor and possible 2008 presidential candidate was one of the company's co-founders. Daniel Akerson was also a founder of Nextel.
NEXTEL was formerly traded on the NASDAQ under the ticker "NXTL".
On December 15, 2004, Sprint and NEXTEL announced they would merge to form Sprint Nextel Corporation. While billed as a merger of equals, the transaction was actually the purchase of NEXTEL Communications by Sprint Corporation. At the time of the merger announcement Sprint and NEXTEL were the No. 3 and No. Sign up for new cell phone plans today. 5 leading providers in the US mobile phone industry.
Sprint shareholders overwhelmingly approved the merger on July 13, 2005. The merger deal was approved by the Federal Communications Commission (FCC) and U. S. Department of Justice on August 3, 2005. The FCC placed a condition on the merger that Sprint Nextel is to provide wireless service within the 2. 5 GHz band within the next four years. Official site of Sprint PCS offers product and rate descriptions, ordering information, and current coverage maps. Sprint Nextel was officially formed on August 12, 2005, when the deal was completed.
Sprint and NEXTEL both faced opposition to the merger, mostly from regional affiliates that provide wireless services on behalf of the companies. These regional affiliates felt that the new company would be violating non-compete agreements that the former companies had made with the affiliates.
Nextel is known for its free incoming call plan. However, since the merger Nextel Customers are now able to convert their plans to the Sprint side, and Sprint Customers can convert their accounts to the Nextel side. Both changes, would require purchasing new phone equipment however, Sprint Nextel may buy-back fairly new but used-cells phones for up to $40.
Popular features from each side have been incorporated into the other - Sprint now offers Free Incoming plans, and Nextel now offers Fair & Flexible plans. Welcome; How Sprint Helps Business; Landline Phone; Networking; Internet & IP; Wireless Phone.
Sprint Nextel currently offers cellular phone service under its Sprint PCS and Nextel brands. It is also a provider of landline, long distance, and business telecommunications, and is a Tier 1 Internet service provider under the name SprintLink.
Sprint Nextel also offers pre-paid services through the Boost Mobile brand, and it provides services in the Philippines through the Next Mobile brand. Sprint Nextel wholesales capacity on its PCS wireless network to companies called Mobile Virtual Network Operators (MVNO); this means the MVNO uses the Sprint PCS network for coverage. The MVNOs resell wireless services using their own brand. Current MVNOs using the PCS network to provide coverage include, 9278 Mobile, Virgin Mobile, EarthLink Wireless, BeyondMobile, Working Assets,Telispire, Excel Wireless,STI Mobile, Liberty Wireless, Powernet Global, PlatinumTel,ConnexOne, Mobile ESPN, Disney Mobile, Movida Wireless, Helio, Primus Wireless, Voce, Jitterbug Wireless, and Qwest.
Sprint Nextel spun off its local telephone division into a separate company officially named Embarq Corporation and traded on the New York Stock Exchange under the symbol EQ. com has Moved. The local phone company is the fifth largest local exchange carrier in the United States (under the Baby Bells) and the largest independent local provider, serving customers in 18 states and providing local, long distance and high-speed data services to residential and business customers.
Embarq became a fully separate company on May 17, 2006. It is headquarted at the Sprint Campus in Overland Park, KS.
On November 2, 2005 Sprint Nextel and a coalition of US-based Cable television providers announced a partnership where cable TV customers would be able to bundle their Sprint or Nextel cell phones with either their Comcast, Time Warner Cable, Cox Communications or Advance/Newhouse Communications cable bills. In addition the group of Cable companies agreed to their intention to develop products with Sprint Nextel where users would be able to initiate advanced features like control their Digital Video Recorder (DVRs) by cell phone. [2] Press Releases: [3], [4], [5], [6]
In 2005, Sprint Nextel acquired three of its wireless affiliates, US Unwired (deal closed in August), Gulf Coast Wireless (deal closed in October), and IWO Holdings (deal closed in October). Analysts speculate that Sprint Nextel will acquire additional affiliates. Act now to get the VX5200 Camera Phone for only $49.
On September 1, 2005, Sprint Nextel combined plan offerings of its Sprint PCS and Nextel brands to bring more uniformity across the company's offerings.
The new logo of the Sprint Nextel Corporation was one of the first attempts at seamlessly meshing the initial brands of both the Sprint Corporation and NEXTEL Communications. The logo is a blend of the former Sprint "pin drop" marketing image as well as the colors of Nextel's bright yellow and black logo design with its cellular service level bars that, in past marketing, would get "typed" from a single vertical black line [7]. The company also continues to reinforce the idea of a combination of brand strengths on several levels of marketing including a voice over exclaiming "Sprint, together with Nextel" or "Nextel, together with Sprint" as a way to play on the idea of a merger of equals.
Sprint PCS is the main wireless brand of Sprint Nextel, and was the main brand of the former Sprint Corporation.
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