Sprint Nextel Corporation

Key facts

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Company overview

Sprint Nextel Corporation (Sprint Nextel) is a communications company, offering a range of wireless and wireline communications products and services to individuals, business, and government customers. Sprint Nextel owns wireless networks and a global, long distance, tier 1 internet backbone. The company offers digital wireless service in all 50 states, Puerto Rico and the United States Virgin Islands, in part through commercial affiliation arrangements with third-party affiliates. The company, together with PCS Affiliates, provides code division multiple access (CDMA)-based personal communications services (PCS) under the Sprint brand name. It also offers data messaging, imaging, entertainment and location-based applications, marketed as Power Vision, across its CDMA network that utilize high-speed evolution data optimized (EV-DO) technology. The company also provides long distance services. The company is headquartered in Overland Park, Kansas and employs about 60,000 people.

The company recorded revenues of $40,146 million during the fiscal year ended December 2007, a decrease of 2.1% over 2006. The operating loss of the company was $28,910 million during fiscal year 2007, as compared to the operating profit of $2,484 million in 2006. The net loss was $29,580 million in fiscal year 2007, as compared to the net profit of $1,329 million in 2006.

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