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Sprint Corporation – The Fourth Largest Wireless Network Operator in the United States
This American telecommunication holding organisation is mostly referred to as “Sprint”. It has been providing wireless services to a thriving customer base in America since many years, and is beyond doubts, one of the major internet carriers worldwide. Talking about the United States of America, this particular entity has secured the fourth position for being the wireless network operator that has served nearly 58.4 million users as recorded by the end of January 2016. The organisation has also been innovative enough and provided the provision for voice, messaging, broadband services through its diverse subsidiaries under “Virgin Mobile”, “Boost Mobile” and “Assurance wireless” Brands. It also offers a wholesale access to the wireless networks to mobile virtual network operators. The organisation does have it’s headquarter located in Kansas, Overland Park.
During the year 2013 the company recorded entire revenue of $35.493 billion, which in comparison to the year was recorded an increase. The company during 2012 recorded the revenue of $35.345 billion in revenue. Operating income during 2013 $91 million was recorded to be operating income, which during 2012 turned out to be $382 million. Net income during 2013 were recorded to be $ – 3.018 billion, which during 2012 were recorded to be $ – 4.353 million. Total assets during 2013 were recorded to be $ 86.095 billion, which during 2012 were recorded to be $ 51.57 billion.
All about Sprint
During the July 2013, Japanese telecommunication organisation “Softbank Corporation” acquired majority of the organisation. Though, outstanding shares of “Sprint Corporation” continued to trade over the NYSE (New York Stock Exchange). The organisation “Sprint corporation” made an approach to the “Brown Telephone Company” that was established during the year 1899 for deploying telephone services to the countryside areas particularly across “Abilene, Kansas”. During 2006, the organisation decided to exit the business of “Local Landline Telephone” and offered those assets to one of the newcomer organisation that was recently found naming “Embarq” that later on became an associate of the “CenturyLink”. The organisation still maintains the position for being one of the major long distance service providers within the continent of “United States of America”.
Before the year 2005, the organisation was popular with the name of “Sprint Corporation”, but was renamed as “Sprint Nextel Corporation” after it finalized the deal of merging with the “Nextel Communications” during the same year. This helped them to ensure maximum exposure to their existence, as customers soon realized their boosted efficiency for providing the best in class services. However, during 2013 Nextel Communication announced their shutdown, which also affected the merger or the synchronization that was established with the Sprint Corporation.
Acquisition by the Softbank Corporation and sudden shutdown of the “Nextel Corporation” forced the organisation to utilise their previous name “Sprint Corporation”. During July 2013, being a part of the transactions carried out by the Softbank Corporation, the Sprint did acquire its outstanding shares of the wireless broadband carrier “Clearwire Corporation” that it never owned. During the earlier August of 2014, the organisation announced that the CEO of the organisation Mr. Dan Hesse would be substituted by the “Marcelo Claure, which would be effective from the mid of August in the same year. Marcelo Claure has been the founder and former CEO of the wireless supplier that is “Brightstar”.
Locations, products & investment
The headquarter of “Sprint Corporation” is located in the Overland, Kansas in the United States of America. Though, the organisation is worldwide popular for the wireless services it provides, it also served various locations such as Puerto Rico, United States Virgin Islands including United States of America. The major products or services that the organisation provides include “wireless communications”, “Internet services” and “Long distance communication services”. Owing to its success history, people thinking at investing in this renowned company could turn out to be a profitable affair. The investors are more likely to expect superior returns.
Sprint Properties For Sale Across the United States :
Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Virgin Islands, Washington, West Virginia, Wisconsin, Wyoming