Sprint Corporation is the fourth United States largest telecommunication company. The company’s main activity is wireless communication service provision. The company provides services of wireless voice communication and message exchanging, broadband services through its subsidiary companies Boost Mobile, Virgin Mobile, Assurance Wireless and wholesale access to its wireless networks for virtual mobile network operators.
Sprint Corporation is headquartered in Overland Park, Kansas.
The history of Sprint Corporation starts in 1899 with the foundation of the Brown Telephone Company. Originally, the Brown Telephone Company provided its services only in Kansas, but ten years later it has already become the largest operator. By the beginning of the Great depression, the company had more than 60 affiliated enterprises. However, almost all of them bankrupted. In 1938, new United Utilities Incorporated company was founded absorbing all remaining subsidiaries. In 1972, the management decided to change the name to United Telecommunications (United Telecom). In 1991, United Telecom purchased the US Sprint company. Since 1992, the company has been named Sprint Corporation. In 2005, due to the merge of Sprint Corporation with Nextel Communications (the deal amount is $35 billion), the Sprint Nextel Corporation company was formed. In 2013, after the Nextel network functioning termination and SoftBank acquisition, the company regained the name of Sprint Corporation.
Since August, 2014, the chief executive officer of Sprint Corporation is Marcelo Claure. The Japanese businessman, the founder and the current SoftBank CEO, the Softbank Mobile chief executive officer Masayoshi Son is also the chairman of the Sprint Corporation board since 2013.
Today, Sprint Corporation’s income is more than $32.18 billion, about 30 thousand employees work for the company.