Company Profile For Sprint Nextel Corporation

Sprint Nextel Corporation (S.N) (New York Stock Exchange)

sector: Telecommunications Services · industry: Integrated Telecommunications Services ·

As of 1:52am IST

3.79USD

Price Change

-0.11

Percent Change

-2.82%

Analyst Recommendations

Overview

Sprint Nextel Corporation (Sprint Nextel) is a holding company that offers a range of wireless and wireline communications products and services for individual consumers, businesses and government customers. The Company conducts its operations through two segments: Wireless and Wireline. Sprint Nextel owns wireless networks and a global long distance, Tier 1 Internet backbone. The Company offers digital wireless service to subscribers in all 50 states, Puerto Rico and the United States Virgin Islands under the Sprint brand name utilizing wireless code division multiple access (CDMA) technology. The Company offers digital wireless services under its Nextel brand name using integrated digital enhanced network (iDEN) technology. On September 23, 2008, the Company closed the transaction with TowerCo Acquisition LLC, under which it sold 3,084 cell sites.

Quick Financial Synopsis

BRIEF: For the nine months ended 30 September 2009, Sprint Nextel Corporation's revenues decreased 10% to $24.39B. Net loss increased 24% to $1.46B. Revenues reflect a decrease in income from Wireless and lower income from Wireline segment. Net loss also reflects a decrease in gross profit margins, an increase in interest expense, net and higher equity in losses of unconsolidated investments & other, net.