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Sprint

Industry: Communications Services

Fortune Rank: 67

Sprint Corporation is a provider of long-distance, local service and wireless communications. It operates two groups: The FON Group and The PCS Group. For the 6 months ended 6/30/05, revenues rose 3% to $14.05B. Net income applicable to Common rose from $452M to $1.07B. Revenues reflect sales increases from the PCS wireless division. Earnings also benefited from lower operating expenses as a percentage of sales and lower debt levels.

Sprint Corporation (Sprint) is a global communications company offering an extensive range of communication products and solutions, including wireless, long-distance voice and data transport, global Internet Protocol (IP), local and multi-product bundles. Sprint is selling into the cable telephony market through arrangements with cable companies that resell Sprint long-distance service and/or use Sprint back-office systems and network assets in support of their local telephone service provided over cable facilities. Sprint is a carrier of Internet traffic and provides connectivity to any point on the Internet either through its own network or via direct connections with other backbone providers. Sprint's operations are divided into three lines of business: Wireless, Local and Long distance operations.

Sprint

Sprint achieved revenue of $32,260.00 million in 2010 but posted a loss of $-2,436.00 million.

Sprint's rank changes

The company's ranking in 2010 was a decline from 2009 when it was ranked 64th on the Fortune 500. The Previous ranking was based on its 2009 revenue of $35,635 million (a change of -3 million compared to 2010) and profits of $-2,796 million (a change of 0 million compared to 2010).

Another point of view

To many investors, profits are more important than revenue a company earns, If the Fortune 500 was ranked by profits instead of revenue then Sprint would be ranked 486th rather than 67th due to the fact it made a loss of $-2,436 million in 2010.

* US$ Million

• Address
  • Sprint
    6200 Sprint Parkway
    Kansas City
    MO
    66251
• Contact Details
  • Phone: 913-624-3000
  • Fax: N/A
  • Website: www.sprint.com
  • Stock Symbol: FON

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