Part of one of the oldest telecommunication companies in the United states, Sprint Corporation traced its foundation origin in 1899 and headquartered in Kansas, United States.
As one of the largest wireless network service provider in the United States behind AT&T, Verizon and T-Mobile, the company offers voice, wireless, broadband and messaging services through its divisional subsidiaries under the brands Boost Mobile, Assurance Wireless and Virgin Mobiles. In 2013, Japan based Softbank acquired 80% of Sprint and the name of the company changed from Sprint Nextel to Sprint Communications.
With a subscriber base of 57 million, the company operates in two segments primarily: Wireless and Wireless equipment in all 50 US states, Puerto Rico, and US Virgin Islands. Wireless mainly includes wholesale, retail, and affiliate revenue from voice, wireless and data transmission services, that majorly accounted for more than 75% of revenue in 2015 and the rest from wireless equipment, which includes devices and accessories related to wireless communication.
2015 has been extremely profitable and remarkable for the company over years till date. The company generated a positive operating income in 2015 for the first time in 9 years and made a total revenue of $34.5 billion in the financial year ending 2015. In addition postpaid net additions were the highest in last 3 years increasing by 2 million each year.
Faced with severe competition from its lead competitors AT&T, T-Mobile, Verizon and other regional players, Sprint has rigorous partnering plans with many companies to cut operational costs and also increase liquidity. Sprint derives its revenue mainly as a wireline IP network operator and also as a telephony provider with long distance and hence the fourth largest long distance provider by United states subscribers.