Fin 534 Assignment 1 Financial Analysis

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  • Topic: Sprint Nextel, Verizon Wireless, Tier 1 network
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Running head: SPRINT NEXTEL

Sprint Nextel Corporation – Financial Analysis

Dennecia M. Carter
Finances 534: Financial Management
Dr. Elias Konwufine
Strayer University

December 12, 2011

Sprint Nextel Corporation (Sprint) was founded in 1899, incorporated in 1938, is a holding company, with its operations primarily conducted by its subsidiaries. The company is headquartered in Overland Park, Kansas. Sprint offers a comprehensive range of communication services bringing mobility to consumer, business and government customers. Sprint Nextel is widely recognized for developing, engineering and deploying innovative technologies, including two robust wireless networks offering industry leading mobile data services; instant national and international walkie-talkie capabilities; and an award-winning and global Tier 1 Internet backbone. The company operates in two business segments: Wireless and Wireline. Sprint offers wireless and wireline voice and data transmission services to subscribers in all 50 states, Puerto Rico and the United State’s Virgin Islands. The company’s retail brands include Sprint, Nextel, Boost Mobile, Virgin Mobil, Assurance Wireless and Common Cents SM on networks that utilize third generation (3G) code division multiple access (CDMA), national push-to-talk integrated digital enhanced network (iDEN), or internet protocol (IP) technologies. It also offers fourth generation (4G) services utilizing worldwide interoperability for microwave access (WiMAX) technology through its mobile virtual network operator (MVNO) wholesale relationship with Clearwire Corporation and its subsidiary Clearwire Communications LLC (Clearwire). As of December 31, 2010, Sprint 4G was available in 71 markets reaching more that 110 million people. Sprint’s corporate structure is as follows:

Sprint Nextel Corporation (KS) – Communications
• Sprint Capital Corporation (MO) - -
• Nextel Communications, Inc. (VA) – Communications
• Nextel Partners, Inc. (WA) – Communications
• UbiquiTel Inc. (PA) – Communications
• iPCS, Inc. (IL) – Communications
o iPCS Wireless, Inc. (IL) - -
o Horizon Personal Communications, Inc. (OH) - -
o Bright Personal Communications Services LLC (OH) - - • US Unwired Inc. (LA) – Communications
• IWO Holdings, Inc. (NY) - -
• Alamosa Holdings, Inc. (TX) – Communications
o Alamosa (Delaware), Inc. (VA) - -
o AirGate PCS, Inc. (VA) - -
• Virgin Mobile USA, Inc. (NJ) – Communications
• Pin Drop Insurance, Ltd – Non-NAIC Rein Cprty
• Clearwire Corporation (WA) – Communications
o Clearwire Communications, LLC (DE) - -
Sprint delivers wireless services to subscribers primarily through the ownership of its CDMA and iDEN networks or as a reseller of 4G services. Its CDMA network uses a single frequency band and a digital spread-spectrum wireless technology. The Company provides nationwide service through a combination of operating its own digital network in the United States metropolitan areas and rural connecting routes, affiliations under commercial arrangements with third-party affiliates and roaming on other providers’ networks. Sprint’s iDEN network is an all-digital packet data network-based on iDEN wireless technology provided by Motorola Mobility, Inc. and Motorola Solutions, Inc (Motorola). The company competes with AT&T Wireless, T-Mobile, Metro PCS Communications, Inc., Leap Wireless International, Inc. and TracFone Wireless. Sprint supports the open development of applications and content on its network platforms. It also enables various third-party providers, location-based services, and business and consumer product providers through its open-device initiative, also known as its machine-to-machine initiative. The machine-to-machine initiative incorporates selling, marketing, product development and operations resources to address growing non-traditional...
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