Sprint Nextel is the third largest mobile operator in the United States. Sprint is a global communications company serving more than 26 million business and residential customers in more than 100 countries and territories. The company has approximately 70,000 employees worldwide and an annual turnover of US$27 billion. It has always been praised by all parties for the development, engineering, and promotion of cutting-edge network technologies; and has the first national network in the United States. , fully digital optical fiber network, and award-winning Tier 1 IP network. Sprint provides local voice and data communications services in 18 states in the United States, and has the largest 100 digital, nationwide PCS personal wireless communications network in the United States.
Sprint Nextel is also the only heavyweight operator operating WiMAX network so far. The company announced that it will launch WiMAX dual-mode mobile phones.
Established in 1899
Company performance: Annual sales in 1999 were US$19.93 billion, a growth rate of 16.3%; realized profits of -US$953 million, a growth rate of -325% .
Company business: The company mainly provides communications and services. It establishes and operates the only all-digital optical fiber communication network in the United States and is second to none in providing advanced data services
Development strategy: " Become a world-class telecommunications company - become a model for our peers. ”
Corporate culture: High quality is our key to the market.
We want to be a "model for our peers", which means that we must continue to work hard to redefine our industry through continuous innovation of company image, products, services and business practices - for many years Come on, we have been fighting for this.
Keys to success: continuous technological innovation, high-quality service, and groundbreaking marketing strategies
Company development history
In 1899, Cleyson L. Brown Abilene, Kansas establishes Brown Telephone Company. A century later, it grew into the world-famous Sprint Corporation.
In 1942, the company's name was changed to United Utilities
In 1972, the company's name was changed from United Utilities to united Telecommunications.
In 1976, after decades of expansion, the company's capital reached $1 billion and it had 350 telephone lines.
In 1984, the first nationwide digital fiber optic network communication plan was announced, which was completed in 1987.
In 1986, the company launched long-distance services under the trademark Sprint. The famous "pin drop" branding campaign made the brand a household name and became the company's symbol. The long-distance service named after Sprint realized the first optical fiber transmission from the Atlantic coast to the Pacific coast that year.
In 1988, Sprint obtained the major participation rights in the Federal Telecommunications System (FTS2000), an advanced communications system of the U.S. government. By installing a dialing system (Signaling System 7), Sprint became the first company to launch such long-distance services.
In 1989, Sprint took the lead in opening transatlantic fiber optic communications.
In 1990, Sprint established a SprintNet (SprintNet?) for the global market - it is one of the largest public digital networks in the world - to engage in related international business.
In 1991, United Telecom launched the first nationwide public Frame Relay service.
In 1992, United Telecom changed its name to Sprint.
In 1993, with the merger with Centel Corporation, Sprint became a major communications company in the United States. Its business includes long-distance, local and wireless communications. It has more than 6.1 million customer lines in the United States, covering 19 states, of which more than 96% are program-controlled telephone users.
In 1994, the company announced that it would cooperate on a global scale with two other world telecommunications giants - Deutsche Telekom and France Telecom. In the same year, it also launched a venture capital investment with Tele-Communications, Inc. (TCI), Comcast Corp. and Cox Cable to establish a nationwide network (PCS) for personal wireless communication services, and announced that it would establish a Integration of television with communication systems including long distance, local calls and wireless.
In 1995, the company's position in the United States was already quite solid and it began to expand abroad, first to Canada and Mexico. Announced its first coast-to-coast long-distance phone line, insufficient to ensure uninterrupted transmission of voice, numbers, images, and video even if the cable was cut or the power went out .
1996 The cooperation with Deutsche Telekom and France Telecom entered a new stage. They jointly formed Global One and coordinated their global business activities.
In 1997, Sprint announced that more than half of its long-distance services were equipped with SONET network "bulletproof vests", thus creating a new industry standard for the communications industry. Obtained PCS wireless business license. Through this venture capital, the company has nearly 260 million users in places such as Pito Rico, the United States. That year Global One established 1,200 branches in 65 countries. Sprint also acquired Paranet, Inc., a computer company that assembles, operates and provides technical services.
In 1998, the company announced the launch of Integrated Broadband Network Service (INO). Through this service, families or businesses can enjoy sound, digital and image services at the same time using only one telephone line. service. It fully owns the operating rights and ownership of PCS, a venture capital co-founded with TCI, Comcast Corporation and Cox Communications, Inc., and has formed an alliance with EarthLink Network, Inc.
For the first time in 1999, Fortune magazine listed eight outstanding qualities of a company: innovation, first-class management, high-quality employees, high-quality products and services, far-sighted investment strategies, solid financial foundation, and Social responsibility. That year, the company announced a historic merger with MCI WorldCom, resulting in a global communications company for the 21st century. The newly established company was named MCI WorldCom. .
In 2000, Sprint signed an agreement with Deutsche Telekom and France Telecom to sell all its interests in Global One. The move gave Sprint $1.13 billion in cash and $276 million in debt.
On July 13 of the same year, Sprint and MCI WorldCom simultaneously announced the cancellation of the merger, and issues such as customer interests arising from the merger would be adjudicated by the U.S. Department of Justice.
In 2004, Sprint acquired Nextel for US$35 billion, becoming the third largest mobile operator in the United States. Since acquiring Nextel, Sprint has encountered many problems such as technical glitches, marketing fragmentation, difficulty integrating work teams and a massive loss of users. In October 2007, then-CEO Gary Forsee resigned under pressure from shareholders.
In March 2008, Sprint Nextel hired Morgan Stanley as a financial advisor to handle the spin-off of Nextel.