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Sprint Nextel


About Sprint Nextel

Sprint Nextel (NYSE: S) is third-largest wireless carrier in the United States.

Sprint has acquired Nextel in 2005.

Sprint Nextel announced on 15 October 2012 that they agreed to a deal to sell 70% to Japan's telecommunication provider SoftBank for $20.1 billion. The 70% of Sprint's stock is being bought at $7.30 per share costing $12.1 billion. The remaining $8 billion will go towards buying new shares at $5.25 each. The deal is expected to close in mid 2013.

Key People

  • CEO: Dan Hesse

Loss of over 400,000 customers

Sprint has reported that it lost 423,000 subscribers in its third quarter of 2012. The loss widened to $767 million from a loss of $301 million in the same period a year ago. On 26 October 2012, Sprint Nextel CEO Dan Hesse said that the loss of customers is by design.

Numbers

In February 09, the company reported a $1.6 billion fourth-quarter loss.

Sprint Nextel in News

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Ed Sammarco, Grantham University, Named a Kansas City Business Journal Top CFO
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Marathon Patent Group's Wholly Owned Subsidiary, Relay IP, Inc., Files Patent Infringement Lawsuit Against 10 Defendants
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STRATS(SM) Trust for Sprint Capital Corporation Securities, Series 2004-2 -- to Be Terminated -- CUSIP Number: 784788200 -- Ticker Symbol: GJD
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CalAmp's Broad Portfolio of MRM Devices Certified for Use on Sprint's Cellular Data Network
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Telenav Brings Connectivity and Personalization Into Cars With Its New Scout for Cars: Built In Navigation Product
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King & Spalding Advises Sprint on Acquisition of 100 Percent of Clearwire
King & Spalding advised Sprint Nextel in its definitive agreement with Clearwire Corporation in which Sprint will acquire the approximately 50 percent stake in Clearwire it does not currently own for $2.97 per share, equating to a total cash payment to Clearwire shareholders, other than Sprint, of $2.2 billion and an enterprise value for Clearwire of $10 billion

Free Analyst Opinion on S, T, CX and RAD Issued by StBulls.com
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Analyst Opinion on Vodafone Group plc and Sprint Nextel Corp. -- Wireless Communications Companies Mixed in the Third Quarter
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Telenav Launches Scout for Android: Free, Voice-Guided, Personalized GPS Navigation App
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Ford Launches Scout for SYNC AppLink
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Direction Change Ahead - Research & Analysis on Sprint Nextel Corporation and Aruba Networks, Inc.
Moments ago, TradersInsight.net introduced new coverage of Sprint Nextel Corporation (NYSE: S) and Aruba Networks, Inc. (NASDAQ: ARUN). Full outlook, analysis and consensus opinion is available to readers via the links below.

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NYSE Volume Leaders for Monday, August 6th (BAC, KCG, BBY, AIG, C, NOK, GE, S, PBR, PFE, CHK, NLY, F)
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Equity Briefing: Upgrades and Downgrades for July 27th: WLL, WLT, WOOF, XOM, XXIA
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Telecom Outlook: $2 Trillion in 2012
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Computerworld Announces the Best Places to Work in Information Technology 2012 List
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Scout(TM) by Telenav Wins Best Automotive Navigation Solution at Telematics Industry Event
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SoftBank to Acquire 70% Stake in Sprint
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Sprint to Hold Webcast
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Aragon Holdings Acquires Its First Multi-Family Property in the Kansas City Market
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Equity Research on Clearwire Corporation and Sprint Nextel Corporation - Clear Lines in Wireless Communication
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Voice2Korea Reaching More Korean Americans Through Sprint Nextel, U.S. Cellular, Cincinnati Bell and the Leading Prepaid MVNOs
Downplay, Inc. d/b/a UAngel America today announced that Voice2Korea, the U.S.-to-Korea international call service on Mobile, is expanding audience reach as Sprint Nextel, U.S. Cellular, Cincinnati Bell and the two U.S. leading prepaid MVNOs -- Boost and Virgin Mobile USA, approved that their subscribers can sign up for Voice2Korea via text and pay on mobile phone bill or by prepaid account

Cernium and Sprint to Offer CheckVideo|Sprint 3G Intelligent Video Surveillance and Alarm Verification Solution
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Isp.org.cn: Google Will Launch Mobile Payment System
Isp.org.cn reports that Google plans to launch a mobile payment service based on the near field communication technology. The hardware platform of the service is the Nexus S phone which is sold by the third largest wireless carrier of the U.S., Sprint Nextel. Isp.org.cn (http://www.isp.org

As Summer Travel Season Approaches, National Survey Sheds Light on How Couples Navigate the Open Road
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New Opportunity in Wireless Emerges -- Research Report on Clearwire Corporation and FiberTower Corporation
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Symantec and Salesforce.com Partner to Deliver Stronger Security for Cloud-Based Applications
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Editor's Note: There are two photos associated with this press release.

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