What is Sprint Corporation mean? Sprint Corporation was an American telecommunications company. Before it merged with T-Mobile US on April 1, 2020, it was the fourth-largest mobile network operator in the United States, serving 54.3 million customers as of June 30, 2019. The company also offered wireless voice, messaging, and broadband services through its various subsidiaries under the Boost Mobile and Open Mobile brands and wholesale access to its wireless networks to mobile virtual network operators.
In July 2013, a majority of the company was purchased by the Japanese telecommunications company SoftBank Group. Sprint is no longer trading on the New York Stock Exchange. Sprint currently uses CDMA, EvDO and 4G LTE networks, and formerly operated iDEN, WiMAX, and 5G NR networks. Sprint was incorporated in Kansas.
Sprint traced its origins to the Brown Telephone Company, which was founded in 1899 to bring telephone service to the rural area around Abilene, Kansas. In 2006, Sprint left the local landline telephone business and spun those assets off into a new company named Embarq, which later became a part of Lumen Tech (formerly CenturyLink), which remains one of the largest long-distance providers in the United States.
Until 2005, the company was also known as the Sprint Corporation, but took the name Sprint Nextel Corporation when it merged with Nextel Communications and adopted its black and yellow color scheme, along with a new logo. In 2013, following the shutdown of the Nextel network and concurrent with the acquisition by SoftBank, the company resumed using the name Sprint Corporation. In July 2013, as part of the SoftBank transactions, Sprint acquired the remaining shares of the wireless broadband carrier Clearwire Corporation, which it did not already own.
In August 2014, CEO Dan Hesse was replaced by Marcelo Claure. In May 2018, Michel Combes replaced Claure, and had been working to get Sprint's merger with its rival T-Mobile through regulatory proceedings.
On April 1, 2020, Sprint Corporation completed their merger with T-Mobile US which effectively made Sprint a subsidiary of T-Mobile until the Sprint brand was officially phased out. Leadership, background, and stock changes happened immediately, with customer-side changes happening over time. The Sprint brand was officially discontinued on August 2, 2020. Billing was already showing the T-Mobile brand, and on this date all retail, customer service, and all other company branding switched to the T-Mobile brand. New rate plans were also introduced as well for all new and existing customers from both companies, though all will be grandfathered into their current plan for at least 3 years should they choose not to switch to a new T-Mobile plan.
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