Sprint Nextel Corporation (Sprint) is a holding company that offers a range of wireless and wireline communications products and services for individual consumers, businesses, government subscribers and resellers. The Company operates in two business segments: Wireless and Wireline. The Company offers wireless and wireline voice and data transmission services to subscribers in all 50 states, Puerto Rico and the United States Virgin Islands under the Sprint corporate brand which includes its retail brands consisting of Sprint, Nextel, Boost Mobile, Virgin Mobile and Assurance Wireless on networks that utilize code division multiple access (CDMA), integrated Digital Enhanced Network (iDEN), or Internet protocol (IP) technologies. On November 24, 2009, the Company completed the acquisition of Virgin Mobile USA, Inc. On December 4, 2009, the Company completed the acquisition of iPCS, Inc.

Shares of Sprint (NYSE: S) rose by 3.14% hitting $4.27 during mid-day trading on Thursday.

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