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Sprint Nextel Corporation (NYSE: S) is one of the largest telecommunications companies in the United States. Servicing almost 54 million subscribers Sprint/Nextel operates the 3rd largest wireless teleco network in the U.S. behind AT&T and Verizon Wireless. Sprint is a global Tier One Internet carrier, and, as such, makes up a portion of the Internet backbone. In the US, Sprint Nextel also operates the second largest wireless broadband network and is the third largest long distance carrier. Sprint Nextel was created in 2005 by the $35 billion dollar purchase of NEXTEL by Sprint Corp. In 2006, the company also spun off its local landline telephone business, naming it Embarq and also completed the $6.5 billion acquisition of Nextel Partners, one of its largest affiliates, which mainly provides Nextel wireless services to more rural markets. Sprint Nextel has its executive headquarters in Reston, Virginia and maintains an operational and engineering headquarters in Overland Park, Kansas. |
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