Sprint Nextel CorporationSprint Nextel Corporation (NYSE: S), headquartered in Reston, VA, is one of the largest telecommunications companies in the World. With a combined market cap of *$68.99 billion as of early 2006. It operates the third largest wireless network in the U.S. based on total wireless customers. With 45.6 million subscribers, under the Sprint PCS and Nextel brands—behind Cingular Wireless and Verizon Wireless. It also operates landline and long distance business, as well as several units that provide businesses and governments with communications services. The new company, formerly known as Sprint Corporation, was created from the $35 billion purchase of NEXTEL Communications by Sprint, though the entire deal was billed as a merger of equals. The company maintains operational headquarters in Overland Park, Kansas. HistorySprintFormer Sprint logoThe Sprint Corporation was founded in 1899 by Cleyson Brown under the Brown Telephone Company in the small town of Abilene, Kansas. The company was a landline telephone company that operated as a competitor to the Bell System. In the mid 20th century, Brown changed its name to United Utilities. That company changed its name to United Telecommunications in 1972, as it began to offer a more diversified product range. Southern Pacific Communications Company (SPCC), a unit of the Southern Pacific Railroad began offering their dial-up service shortly after the Execunet II decision late in 1978. The Railroad had extensive rights of way that could be used to lay long-distance communications. Prior attempts at offering long distance service were disapproved by the Federal Communications Commission, though the company's fax service (SpeedFAX) had been permitted. According to company employees, Sprint was a name chosen by a contest sponsored within the company by Rex Hollis, the VP of Marketing at the time. Some claim it was a acronym for "Southern Pacific Railroad Information NeTwork or Switched PRIvate Network Telecommunications." Southern Pacific Communications became part of GTE in 1982. In 1986, Sprint was merged with US Telecom (the long distance arm of United Telecom) to form US Sprint. This was a partnership owned by GTE and United Telecom. In 1989 United Telecom purchased controlling interest in US Sprint. In 1991 United Telecom completed its acquisition of US Sprint. That same year United Telecom changed its name to Sprint (dropping the US). In 1995, the company began to offer wireless service under the Sprint PCS brand. On October 5, 1999 Sprint and MCI WorldCom announced a $129 Billion dollar merger agreement between the two companies. The deal would have been the largest corporate merger in history at the time. However the deal did not go through because of pressure from the United States Department of Justice and the European Union on concerns of it creating a monopoly. In 2003, Sprint began recombining their local telecom, long distance, wireline, and wireless business units into a new company, marketing the combined company as "One Sprint". In April 2004, the separately traded wireless tracking stock, "PCS", was absorbed into the New York Stock Exchange (NYSE) "FON" ticker, Sprint's former ticker. (FON meaning "Fiber Optic Network", which was Sprint's bragging right.) In 2005, Sprint merged by buying out competitor Nextel, forming Sprint Nextel, NEXTELFormer NEXTEL logoNEXTEL was founded as FleetCall in 1987 by Morgan E. O'Brien, a Washington, DC, communications attorney, and changed its name to NEXTEL Communications in 1993. In 1995, wireless pioneer Craig McCaw became a significant investor in the company. Mark Warner, a former Virginia Governor and possible 2008 presidential candidate was one of the company's co-founders. NEXTEL was formerly traded on the NASDAQ under the ticker "NXTL". Merger of Sprint and NEXTELOn December 15, 2004, Sprint and NEXTEL announced they would merge to form Sprint Nextel Corporation. While billed as a merger of equals, the transaction was actually the purchase of NEXTEL Communications by Sprint Corporation. At the time of the merger announcement Sprint and NEXTEL were the No. 3 and No. 5 leading providers in the US mobile phone industry. Sprint and NEXTEL shareholders overwhelmingly approved the merger on July 13, 2005. The merger deal was approved by the Federal Communications Commission (FCC) and U.S. Department of Justice on August 3, 2005. The FCC placed a condition on the merger that Sprint Nextel is to provide wireless service within the 2.5 GHz band within the next four years. Sprint Nextel was officially formed on August 12, 2005, when the deal was completed. Sprint and NEXTEL both faced opposition to the merger, mostly from regional affiliates that provide wireless services on behalf of the companies. These regional affiliates felt that the new company would be violating non-compete agreements that the former companies had made with the affiliates. Sprint Nextel has made a settlement with an affiliate named Ubiqutel that Sprint won't be providing any Nextel service within the Ubiqutel service limits. Other affiliates have also filed lawsuits against Sprint Nextel. Nextel is known for its free incoming call plan. Sprint Nextel todaySprint Nextel currently offers cellular phone service under its Sprint PCS and Nextel brands. It is also a provider of landline, long distance, business telecommunications, and Tier 1 internet service provider under the name SprintLink. Sprint Nextel also offers pre-paid services through the Boost Mobile brand, and it provides services in the Philippines through the Next Mobile brand. Sprint Nextel wholesales capacity on its PCS wireless network to companies called Mobile Virtual Network Operators (MVNO); this means the MVNO uses the Sprint PCS network for coverage. The MVNOs resell wireless services using their own brand. Current MVNOs using the PCS network to provide coverage include Virgin Mobile, EarthLink, Working Assets, Telispire, Excel Wireless, STI Mobile, Liberty, Powernet Global, Platinum Tel, ConnexOne, and Qwest. Sprint Nextel has also announced other upcoming MVNO partnerships, including ESPN, Movida Wireless, and Disney. Embarq's new logoSprint Nextel is expected to spin off its local telephone division into a separate company officially named Embarq Corporation and traded on the New York Stock Exchange under the symbol EQ. The new local phone company will be the fifth largest local exchange carrier in the United States (under the Baby Bells) and the largest independent local provider, serving customers in 18 states and providing local, long distance and high-speed data services to residential and business customers. In 2005, Sprint Nextel acquired three of its wireless affiliates, US Unwired (deal closed in August), Gulf Coast Wireless (deal closed in October), and IWO Holdings (deal closed in October). Analysts speculate that Sprint Nextel will acquire additional affiliates. On September 1, 2005, Sprint Nextel combined plan offerings of its Sprint PCS and Nextel brands to bring more uniformity across the company's offerings. LogoThe new logo of the Sprint Nextel Corporation was one of the first attempts at seamlessly meshing the initial brands of both the Sprint Corporation and NEXTEL Communications. The logo is a blend of the former Sprint "pin drop" marketing image as well as the colors of Nextel's bright yellow and black logo design with its cellular service level bars that, from past marketing would get 'typed' from a single vertical black line. [1]. The company also continues to reinforce the idea of a combination of brand strengths on several levels of marketing including a voice over exclaiming "Sprint, together with Nextel" or "Nextel, together with Sprint" as a way to play on the idea of a merger of equals. Sprint PCSOne of the advertising logosSprint PCS is the main wireless brand of Sprint Nextel, and was the main brand of the former Sprint Corporation. The Sprint PCS network operates a 3G wireless network, using the 1xRTT standard, which is part of the Code Division Multiple Access (CDMA) standard. Sprint is currently rolling out a higher speed wireless network using EV-DO technology. They expect to spend over two and one half billion dollars upgrading the existing network to EV-DO technology. Sprint's EV-DO (Power Visions) offering includes Sprint TV, Sprint Radio (Both Streaming and SIRIUS Satellite Music ) Stations, Sprint's Music Store, Sprint On-Demand, Unlimited Web Access, Video and Picture Mail, Wireless Chat, Games and More. It is currently being offered in 41 states in the US.
Unlike Verizon's EV-DO offering, Sprint's Power Visions content is available off of Sprint's EV-DO network. The speeds will be slower on the 1X network though. CDMA 1X data speeds can reach 144 Kbps, while EV-DO has speeds of 2 Mbps. GSM's upgrade path of UMTS *Wide-Band Code Division Multiple Access (W-CDMA) is based on the CDMA protocal. Qualcomm collects royalties for anything related to Code Division Multiple Access (CDMA). Sprint Nextel maintains its nationwide PCS presence with the help of affiliates. These smaller companies, in agreement with Sprint, build network infrastructure as well as operate retail stores. In exchange, the smaller companies receive usage of Sprint's brand, radio spectrum, customer service and billing. In most cases, these affiliate carriers are transparent to the end user or consumer. Alamosa PCS is the largest of its affiliate carriers, the others are Ubiquitel, iPCS, Shentel, Enterprise, Northern PCS, and Swiftel. (See Merger of Sprint and NEXTEL section above) [2]. At the end of Q105, there were Sprint 28 million wireless subscribers. Sprint also covered over 250 Million people in the US on it's own native network. Along with 295 Million through roaming agreements (290 Million with a Digital Only phone). Giving them the largest coverage area of any US carrier. Sprint also has more roaming agreements then any other US carrier, *offering service in more then 150 countries World Wide.
NextelNextel is the former wireless brand of NEXTEL Communications, and it operates on Motorola's iDEN protocol that uses time division multiple access (TDMA) technology. Unlike other cellular operators, Nextel utilizes the specialized mobile radio band (SMR) and was one of the first operators in the United States to offer a national digital cellular coverage footprint. Some of Nextel's special features include its push to talk feature, which simulates the half-duplex operation of a two-way radio. A downside of this sole-source (Motorola) and proprietary standard has been a lack of innovation in handset size and weight, compared to mobile telephony industry trends, though this too is changing. The Nextel brand has over 18.5 million U.S. subscribers, particularly popular in the south. Initially, speculation that current Nextel subscribers would be required to replace their existing handsets due to incompatibility between Nextel technology and Sprint technology was put forth. However, Sprint Nextel has assured its customers that both the current iDEN and CDMA technologies will continue to be supported and that dual-band phones are being researched to work on both networks simultaneously. The push-to-talk feature with which Nextel has gained its fame is also expected to be released on the CDMA network in 2006 when Sprint deploys their successor to the first phase of their high speed wireless network EV-DO. The new push to talk platform will be based on Qualcomm's Qchat product, which has been under development between Nextel and Qualcomm since January 2002. Currenty Sprint PCS has a push-to-talk service called ReadyLink which is based on the SIP VoIP protocol but cannot currently make or receive calls with the iDEN based PTT system. By 2010, Sprint Nextel plans to absorb the Nextel brand into the Sprint PCS brand. According to documentation filed earlier by Sprint, iDEN was, at that time, to be sold. NII Holdings owns Nextel-branded networks in many Latin American countries, under license by Sprint Nextel, which owns 18% of that company. Forced acquisitions and settlementsPrior to the merger, the Sprint Corporation and Nextel Communications were dependent on a network of affiliated companies. Following the announcement of the merger agreement, some of of these affiliates came forward with a strong opposition to the Sprint Nextel merger on the grounds that the merged company may violate existing agreements or significantly undercut earnings to these affiliates. Some had even threatened to push for the outright blocking of the merger.[3] In order for Sprint Nextel to allay some of this opposition by affiliates, they were forced to initiate discussions of either acquiring some of these affilates or renegotiate existing agreements. In several cases the newly formed company was forced to acquire affiliated companies in exchange for them dropping their opposition of the merger. Below are some of those companies which Sprint Nextel has agreed to acquire:
Major sponsorshipsSprint Nextel is the major title sponsor of NASCAR’s top racing series, called the NEXTEL Cup. It is expected that the name of the series will be changed to the Sprint Cup for 2007. Sprint Nextel also holds naming rights to the Sprint Center in Kansas City, Missouri. Sprint Nextel CompetitorsWireless (in order of size)
Landline (in order of size)
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Landline (in order of size). Commanders report to the superintendent of police who in turn is subject to the authority of the mayor of Chicago. Wireless (in order of size). Each commander oversees a network of administrative and operational departments that include patrol officers, detective forces, and other investigative units. Sprint Nextel also holds naming rights to the Sprint Center in Kansas City, Missouri. There are twenty-five police districts, each led by a commander. It is expected that the name of the series will be changed to the Sprint Cup for 2007. By comparison, Los Angeles, the nation's second largest city, has just over 9,000 sworn officers covering 469 square miles. Sprint Nextel is the major title sponsor of NASCAR’s top racing series, called the NEXTEL Cup. It is the largest police department in the Midwest and the second largest in the nation (with 13,619 sworn officers and 2,625 other employees covering 234 square miles as of 2003), and one of the oldest organized police forces in the world. Below are some of those companies which Sprint Nextel has agreed to acquire:. The Chicago Police Department, also known as the CPD, is the principal law enforcement agency of Chicago, under the jurisdiction of the mayor. In several cases the newly formed company was forced to acquire affiliated companies in exchange for them dropping their opposition of the merger. Congress, most elections are won by Democrats, such as the landslide win of Barack Obama in 2004. Some had even threatened to push for the outright blocking of the merger.[3] In order for Sprint Nextel to allay some of this opposition by affiliates, they were forced to initiate discussions of either acquiring some of these affilates or renegotiate existing agreements. In partisan elections, such as for the State Legislature and U.S. Following the announcement of the merger agreement, some of of these affiliates came forward with a strong opposition to the Sprint Nextel merger on the grounds that the merged company may violate existing agreements or significantly undercut earnings to these affiliates. The issue was controversial especially in Illinois, since the state is arguably the most varied in terms of liberal urban areas vs conservative rural areas. Prior to the merger, the Sprint Corporation and Nextel Communications were dependent on a network of affiliated companies. Daley rejected a proposal to legalize same-sex marriage in the city. NII Holdings owns Nextel-branded networks in many Latin American countries, under license by Sprint Nextel, which owns 18% of that company. In 2004, Mayor Richard M. According to documentation filed earlier by Sprint, iDEN was, at that time, to be sold. Social liberalism is strong in the city, with a strong majority of Chicagoans supporting welfare programs and the pro-choice movement. By 2010, Sprint Nextel plans to absorb the Nextel brand into the Sprint PCS brand. Chicago's politics lean famously to the left compared to the rest of the Midwest, and it is often said that Chicago is the "East Coast" of the Midwest. Currenty Sprint PCS has a push-to-talk service called ReadyLink which is based on the SIP VoIP protocol but cannot currently make or receive calls with the iDEN based PTT system. Today, only one alderman is Republican. The new push to talk platform will be based on Qualcomm's Qchat product, which has been under development between Nextel and Qualcomm since January 2002. For example, the citizens of Chicago have not elected a Republican mayor since 1927, when William Thompson was voted into office. The push-to-talk feature with which Nextel has gained its fame is also expected to be released on the CDMA network in 2006 when Sprint deploys their successor to the first phase of their high speed wireless network EV-DO. For much of the last century, Chicago has been considered one of the largest Democratic strongholds in the United States. However, Sprint Nextel has assured its customers that both the current iDEN and CDMA technologies will continue to be supported and that dual-band phones are being researched to work on both networks simultaneously. Another point of interest is the party leanings of the city. Initially, speculation that current Nextel subscribers would be required to replace their existing handsets due to incompatibility between Nextel technology and Sprint technology was put forth. Daley once led a political machine called the Chicago Democratic Machine. subscribers, particularly popular in the south. Former Chicago Mayor Richard J. The Nextel brand has over 18.5 million U.S. The council takes official action through the passage of ordinances and resolutions. A downside of this sole-source (Motorola) and proprietary standard has been a lack of innovation in handset size and weight, compared to mobile telephony industry trends, though this too is changing. Government priorities and activities are established in a budget ordinance usually adopted each November. Some of Nextel's special features include its push to talk feature, which simulates the half-duplex operation of a two-way radio. The council enacts local ordinances and approves the city budget. Unlike other cellular operators, Nextel utilizes the specialized mobile radio band (SMR) and was one of the first operators in the United States to offer a national digital cellular coverage footprint. The City Council is the legislative branch and is made up of 50 aldermen, one elected from each ward in the city. Nextel is the former wireless brand of NEXTEL Communications, and it operates on Motorola's iDEN protocol that uses time division multiple access (TDMA) technology. In addition to the mayor, Chicago's two other citywide elected officials are the clerk and the treasurer.
Sprint also covered over 250 Million people in the US on it's own native network. The government of the City of Chicago is divided into executive and legislative branches. At the end of Q105, there were Sprint 28 million wireless subscribers. Chicago is the largest city and the county seat of Cook County. (See Merger of Sprint and NEXTEL section above) [2]. An earthquake of 6 or higher in the Missouri Fault might cause moderate to high damage in Chicago. Alamosa PCS is the largest of its affiliate carriers, the others are Ubiquitel, iPCS, Shentel, Enterprise, Northern PCS, and Swiftel. This earthquake sparked worries that the New Madrid fault might become active again. In most cases, these affiliate carriers are transparent to the end user or consumer. More recently, an earthquake with an epicenter in Ottawa, Illinois registering about 4.3 on the Richter scale shook some buildings in Chicago on June 28, 2004. In exchange, the smaller companies receive usage of Sprint's brand, radio spectrum, customer service and billing. Since the first recorded earthquake in 1804 [2], Chicago has occasionally experienced earthquakes. These smaller companies, in agreement with Sprint, build network infrastructure as well as operate retail stores. There's even a nickname for the city's legendary gusts: "The Hawk." Lou Rawls brought The Hawk to national attention it in his song Dead End Street: Qualcomm collects royalties for anything related to Code Division Multiple Access (CDMA). Although rare, the temperature can climb to 50 °F (10 °C) or higher in winter. GSM's upgrade path of UMTS *Wide-Band Code Division Multiple Access (W-CDMA) is based on the CDMA protocal. This frigid weather doesn't normally last more than 1-3 days at a time. CDMA 1X data speeds can reach 144 Kbps, while EV-DO has speeds of 2 Mbps. Temperatures can sometimes drop below 0 °F (-18 °C) overnight and then rise by the next morning. The speeds will be slower on the 1X network though. Temperatures and snowfall can vary widely in the span of one to two weeks, and extended periods of temperatures below 32 °F (0 °C) are not uncommon in January and February. Unlike Verizon's EV-DO offering, Sprint's Power Visions content is available off of Sprint's EV-DO network. Winter in Chicago is a variable and fickle season. It is currently being offered in 41 states in the US. The highest temperature ever reached in Chicago was 104 °F. Sprint's EV-DO (Power Visions) offering includes Sprint TV, Sprint Radio (Both Streaming and SIRIUS Satellite Music ) Stations, Sprint's Music Store, Sprint On-Demand, Unlimited Web Access, Video and Picture Mail, Wireless Chat, Games and More. Summer is the rainiest season, with short-lived rainfall and thunderstorms more common than prolonged rainy periods[1]. They expect to spend over two and one half billion dollars upgrading the existing network to EV-DO technology. Chicago's yearly precipitation averages about 36 inches (914 mm). Sprint is currently rolling out a higher speed wireless network using EV-DO technology. Summers have been known to bring different elements in a one day period; ranging from bright sunny mornings, to partly-cloudy and rainy early afternoons, to bright sunny late afternoons, to comfortable evenings. The Sprint PCS network operates a 3G wireless network, using the 1xRTT standard, which is part of the Code Division Multiple Access (CDMA) standard. Weather typical of each season can sometimes arrive unusually early or late, for example, the highest recorded temperature in March was 84 °F and the lowest in September was 37 °F. Sprint PCS is the main wireless brand of Sprint Nextel, and was the main brand of the former Sprint Corporation. Average high and low temperatures for July are 84 °F/63 °F, and for January it is 29 °F/13 °F. The company also continues to reinforce the idea of a combination of brand strengths on several levels of marketing including a voice over exclaiming "Sprint, together with Nextel" or "Nextel, together with Sprint" as a way to play on the idea of a merger of equals. Lake Michigan can have a moderating effect for neighborhoods close to the shoreline, keeping them cooler in summer and slightly warmer in winter; but also producing a 'lake effect' of snowfall in winter. [1]. Midwest, with hot summers and cold winters, subject to possible extremes in both seasons. The logo is a blend of the former Sprint "pin drop" marketing image as well as the colors of Nextel's bright yellow and black logo design with its cellular service level bars that, from past marketing would get 'typed' from a single vertical black line. Chicago has a continental climate typical of the U.S. The new logo of the Sprint Nextel Corporation was one of the first attempts at seamlessly meshing the initial brands of both the Sprint Corporation and NEXTEL Communications. While winters can often be bitterly cold, extreme summer heat waves are not uncommon. On September 1, 2005, Sprint Nextel combined plan offerings of its Sprint PCS and Nextel brands to bring more uniformity across the company's offerings. Chicago is known as a city of climate extremes. Analysts speculate that Sprint Nextel will acquire additional affiliates. The Chicago Sanitary and Ship Canal connects the Chicago River with the Des Plaines River, which runs to the west of the city. In 2005, Sprint Nextel acquired three of its wireless affiliates, US Unwired (deal closed in August), Gulf Coast Wireless (deal closed in October), and IWO Holdings (deal closed in October). The city lies beside Lake Michigan and two rivers, the Chicago in downtown and the Calumet in the industrial far South Side, entirely or partially flow through Chicago. The new local phone company will be the fifth largest local exchange carrier in the United States (under the Baby Bells) and the largest independent local provider, serving customers in 18 states and providing local, long distance and high-speed data services to residential and business customers. The city has been built on relatively flat land; the average height of land is 579 feet (176 meters) above sea level. Sprint Nextel is expected to spin off its local telephone division into a separate company officially named Embarq Corporation and traded on the New York Stock Exchange under the symbol EQ. The total area is 2.94% water. Sprint Nextel has also announced other upcoming MVNO partnerships, including ESPN, Movida Wireless, and Disney. Census Bureau, Chicago has a total area of 606.1 km² (234.0 mi²), of which 588.3 km² (227.1 mi²) is land and 17.8 km² (6.9 mi²) is water. Current MVNOs using the PCS network to provide coverage include Virgin Mobile, EarthLink, Working Assets, Telispire, Excel Wireless, STI Mobile, Liberty, Powernet Global, Platinum Tel, ConnexOne, and Qwest. According to the U.S. The MVNOs resell wireless services using their own brand. When Chicago was founded in the 1830s most of the early building began around the mouth of the Chicago River. Sprint Nextel wholesales capacity on its PCS wireless network to companies called Mobile Virtual Network Operators (MVNO); this means the MVNO uses the Sprint PCS network for coverage. Chicago is located in northeastern Illinois at the southwestern tip of Lake Michigan. Sprint Nextel also offers pre-paid services through the Boost Mobile brand, and it provides services in the Philippines through the Next Mobile brand. Daley, became mayor in 1989. It is also a provider of landline, long distance, business telecommunications, and Tier 1 internet service provider under the name SprintLink. Daley, son of Richard J. Sprint Nextel currently offers cellular phone service under its Sprint PCS and Nextel brands. Richard M. Nextel is known for its free incoming call plan. In 1983, Harold Washington became the first black mayor of Chicago. Other affiliates have also filed lawsuits against Sprint Nextel. During Daley's tenure (he died in office in 1976), the 1968 Democratic National Convention was held in Chicago, four major expressways were built, the Sears Tower became the world's tallest building and O'Hare Airport (which later became the world's busiest airport) was constructed. Sprint Nextel has made a settlement with an affiliate named Ubiqutel that Sprint won't be providing any Nextel service within the Ubiqutel service limits. Daley was elected in 1955, in the era of so-called machine politics. These regional affiliates felt that the new company would be violating non-compete agreements that the former companies had made with the affiliates. Mayor Richard J. Sprint and NEXTEL both faced opposition to the merger, mostly from regional affiliates that provide wireless services on behalf of the companies. On December 2, 1942, the world's first controlled nuclear reaction was conducted at the University of Chicago as part of the top secret Manhattan Project. Sprint Nextel was officially formed on August 12, 2005, when the deal was completed. In 1900 this problem was solved by reversing the direction of the River's flow with the construction of the Chicago Sanitary and Ship Canal leading to the Illinois River. The FCC placed a condition on the merger that Sprint Nextel is to provide wireless service within the 2.5 GHz band within the next four years. The cribs failed to bring enough clean water because spring rains would wash the polluted water from the Chicago River into them. Department of Justice on August 3, 2005. The water cribs were two miles (three kilometers) off the shore of Lake Michigan. The merger deal was approved by the Federal Communications Commission (FCC) and U.S. The city embarked on a large tunnel excavation project and began building tunnels below Lake Michigan to newly built water cribs. Sprint and NEXTEL shareholders overwhelmingly approved the merger on July 13, 2005. Lake Michigan — the primary source of fresh water for the city — was already highly polluted from the rapidly growing industries in and around Chicago, a new way of procuring clean water was needed. 5 leading providers in the US mobile phone industry. The first skyscraper in the world was constructed in 1885 using novel steel skeleton construction. 3 and No. In the following years, Chicago architecture would become influential throughout the world. At the time of the merger announcement Sprint and NEXTEL were the No. Due to the fire much of the city needed to be rebuilt; this gave city planners a clean slate to fix the problems of the past. While billed as a merger of equals, the transaction was actually the purchase of NEXTEL Communications by Sprint Corporation. By this time the city had a population of over 300,000. On December 15, 2004, Sprint and NEXTEL announced they would merge to form Sprint Nextel Corporation. In 1871, most of the city burned in the Great Chicago Fire. NEXTEL was formerly traded on the NASDAQ under the ticker "NXTL". president, and was the first of twenty-five in the city. Mark Warner, a former Virginia Governor and possible 2008 presidential candidate was one of the company's co-founders. The 1860 Republican National Convention in Chicago nominated home-state candidate Abraham Lincoln for U.S. In 1995, wireless pioneer Craig McCaw became a significant investor in the company. Chicago grew to 1.1 million people in less than sixty years. O'Brien, a Washington, DC, communications attorney, and changed its name to NEXTEL Communications in 1993. By 1890, Chicago was the second largest city in the United States, after New York City. NEXTEL was founded as FleetCall in 1987 by Morgan E. These problems were rectified by several large public works projects. In 2005, Sprint merged by buying out competitor Nextel, forming Sprint Nextel,. The geography of Chicago presented early citizens with many problems, including transportation and sewage. (FON meaning "Fiber Optic Network", which was Sprint's bragging right.). These projects foreshadowed Chicago's eventual development into the transportation hub of the United States. In April 2004, the separately traded wireless tracking stock, "PCS", was absorbed into the New York Stock Exchange (NYSE) "FON" ticker, Sprint's former ticker. The first rail line to Chicago, the Galena & Chicago Union Railroad, was completed the same year. In 2003, Sprint began recombining their local telecom, long distance, wireline, and wireless business units into a new company, marketing the combined company as "One Sprint". The opening of the Illinois and Michigan Canal in 1848 allowed shipping from the Great Lakes through Chicago to the Mississippi River. However the deal did not go through because of pressure from the United States Department of Justice and the European Union on concerns of it creating a monopoly. The city was the logical transportation link between eastern and western United States, using the Great Lakes and the river systems, and (after 1850) the railroads. The deal would have been the largest corporate merger in history at the time. Many factors contributed to that growth but early on the most important aspects could be attributed to Chicago's geographic proximity in a expanding nation. On October 5, 1999 Sprint and MCI WorldCom announced a $129 Billion dollar merger agreement between the two companies. Thus began the next step in what would become massive early growth. In 1995, the company began to offer wireless service under the Sprint PCS brand. Chicago incorporated on March 4, 1837 when the State of Illinois granted Chicago a city charter. That same year United Telecom changed its name to Sprint (dropping the US). Within seven years a flood of new arrivals from New England and other points east gave the town a population of over 4,000. In 1991 United Telecom completed its acquisition of US Sprint. On August 12, 1833, the Town of Chicago organized with a population of 350. In 1989 United Telecom purchased controlling interest in US Sprint. Army built Fort Dearborn; in 1812 it was destroyed in the Fort Dearborn Massacre . This was a partnership owned by GTE and United Telecom. In 1803, the U.S. In 1986, Sprint was merged with US Telecom (the long distance arm of United Telecom) to form US Sprint. The first non-native settler in Chicago was Jean-Baptiste Pointe du Sable, a Haitian of African descent, who arrived in the 1770s, and whose heritage was much talked about after 1950. Southern Pacific Communications became part of GTE in 1982. During the mid-1700s, the Chicago area was inhabited primarily by Potawatomis, who took the place of the Miami and Sauk and Fox. Some claim it was a acronym for "Southern Pacific Railroad Information NeTwork or Switched PRIvate Network Telecommunications.". . According to company employees, Sprint was a name chosen by a contest sponsored within the company by Rex Hollis, the VP of Marketing at the time. Chicago also has several dozen distinct neighborhoods to match the ethnic diversity; the city is divided into 77 official community areas. Prior attempts at offering long distance service were disapproved by the Federal Communications Commission, though the company's fax service (SpeedFAX) had been permitted. About one-third of central-city Chicagoans are Caucasian, another third African American, around a quarter Hispanic and one-tenth Asian, with small amounts of other races filling in the remainder. The Railroad had extensive rights of way that could be used to lay long-distance communications. There is some ambiguity regarding the suburbs - some residents call themselves "Chicagoans" and identify with the central city, while others rarely deal with or visit the central city. Southern Pacific Communications Company (SPCC), a unit of the Southern Pacific Railroad began offering their dial-up service shortly after the Execunet II decision late in 1978. A resident of Chicago is referred to as a Chicagoan. That company changed its name to United Telecommunications in 1972, as it began to offer a more diversified product range. A variety of colloquial nicknames reflect Chicago's unique character. In the mid 20th century, Brown changed its name to United Utilities. Chicago's skyscrapers, local cuisine, political traditions, and sports teams are some of the most recognized symbols of the city. The company was a landline telephone company that operated as a competitor to the Bell System. The city has long been known around the world as a financial, industrial, and transportation center and for its ethnic diversity. The Sprint Corporation was founded in 1899 by Cleyson Brown under the Brown Telephone Company in the small town of Abilene, Kansas. Chicago also leads the country in the number of conventions held in the city annually. . Chicago was the site of the world's first skyscraper, and today is the financial, transportation, and cultural capital of the Midwest. The company maintains operational headquarters in Overland Park, Kansas. Growing from a frontier town of the Old Northwest in 1833 to one of the world's premier cities, Chicago is ranked as one of 10 "Alpha" (most influential) world cities by the Globalization and World Cities Study Group & Network. The new company, formerly known as Sprint Corporation, was created from the $35 billion purchase of NEXTEL Communications by Sprint, though the entire deal was billed as a merger of equals. When combined with its suburbs and nine surrounding counties in Illinois, Wisconsin, and Indiana, the greater metropolitan area known as Chicagoland encompasses a population of nearly 10 million people. It also operates landline and long distance business, as well as several units that provide businesses and governments with communications services. Chicago is located in the Midwestern state of Illinois along the southwestern shore of Lake Michigan. With 45.6 million subscribers, under the Sprint PCS and Nextel brands—behind Cingular Wireless and Verizon Wireless. Chicago, known as the "Second City" and the "Windy City", is the third-largest city in population in the United States, following New York City and Los Angeles. based on total wireless customers. It operates the third largest wireless network in the U.S. With a combined market cap of *$68.99 billion as of early 2006. Sprint Nextel Corporation (NYSE: S), headquartered in Reston, VA, is one of the largest telecommunications companies in the World. Qwest. Verizon. AT&T (recent merger of SBC and AT&T). Cellular. U.S. Alltel. T-Mobile. Verizon Wireless. Cingular. Once completed the Nextel Partners deal will add more than 2 million customers directly to the Sprint Nextel company. [8]. [7] finally reach an agreement for a $6.5B deal where the Sprint Nextel Corporation will acquire the largest of Nextel's affilates to end Nextel Partners' opposition to any changes by Sprint in relation to the NEXTEL merger. December 21, 2005: Sprint Nextel Corporation and Nextel Partners, Inc. [6] - (velocitawireless.com). The transaction will enhance the iDEN network's 900 MHz spectrum position. December 16, 2005: Sprint Nextel announces acquisition of non-affiliate Velocita Wireless. December 16, 2005: Sprint Nextel announces a $98 million agreement to acquire Enterprise Communications of Columbus, Georgia, thus adding over 52,000 customers to the company's PCS Wireless division.[5]. Potentially adding an additional 1.48 million customers to Sprint Nextel. acquisition agreement for Texas-based Sprint PCS affilate Alamosa Holdings. November 21, 2005: Sprint Nextel announces a $4.3B. (With that closing on October 3, 2005). Another acquisition forced by Gulf Coast Wireless, added an additional 95,000 customers mainly in Louisiana and Mississippi to Sprint Nextel's CDMA network. (This acquisition closed on October 20, 2005.). August 30, 2005: Sprint Nextel announces the intention to acquire IWO Holdings, Inc. a mainly New England-based network affiliate for the Sprint PCS business. [4]. Thus adding some 500,000 additional direct customers to the Sprint Nextel company. August 12, 2005: Sprint acquires the Sprint PCS affiliate US Unwired for $1.3B. Sprint EV-DO/1X coverage maps. |