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Sprint

Sprint
1899 FOUNDED
M&A STATUS
25K-30K EMPLOYEES
M&A LATEST DEAL TYPE (Announced)
8 FINANCING ROUNDS
47 INVESTMENTS
Description

A decade of operational problems has considerably diminished Sprint's position in the wireless industry. It is now the fourth-largest carrier in the United States, serving 26 million postpaid and 9 million prepaid phone customers directly and 13 million via wholesale channels. Over the past five years, the firm's share of the postpaid phone market has declined about 1 percentage point to 12%, leaving it about three fourths the size of T-Mobile U.S., the next smallest carrier. About 4% of sales come from the wireline unit, which provides phone and data services to the wireless unit and external customers. Japanese firm Softbank took a 78% stake in Sprint through the purchase of existing Sprint shares and a $5 billion equity infusion in 2013; it has since increased its stake to 85%.

Website
Formerly Known As
Brown Telephone Company
Ownership Status
Acquired/Merged
(Operating Subsidiary)
Financing Status
Corporate Backed or Acquired
Primary Industry
Telecommunications Service Providers
Other Industries
Internet Service Providers
Former Stock Listing
S
Primary Office
  • 6391 Sprint Parkway
  • Overland Park, KS 66251-4300
  • United States

Sprint Valuation and Funding

Deal Type Date Amount Post-Val Valuation/
EBITDA
Debt Status

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Sprint Competitors (22)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
T-Mobile (US) Corporation Bellevue, WA 00000 000000&0
0000000 0000000000 Corporation New York, NY 000000 000.00 00000000000 000.00
000000 000 Corporation New York, NY 00000 00000 000000 - 000 00000
00000000000 Corporation Monroe, LA 00000 0000 000000000
0000000 0000000000 Formerly PE-Backed Stamford, CT 00000 000.00 000000 - 000 000.00
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Sprint Investments & Acquisitions (47)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
00000 0000000 0000 24-Oct-2019 00000 0000000 Communication Software 000000 000000
000000 0000000 (00 09-Jun-2017 000000000000000000 Other Retail 0000000 000000
0000 000000 22-Feb-2017 000000000000000000 Wireless Service Providers
00000 23-Jan-2017 000000000 00000000 00000 Movies, Music and Entertainment 0000000 000000
Access Wireless 02-May-2016 Merger/Acquisition Wireless Service Providers 0000000 000000
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Sprint Exits (5)

Company Name Exit Date Exit Type Exit Size Status Buyers
0000000000 02-Apr-2015 0000000000 000.00 Completed
  • 3 buyers
00000 20-Aug-2014 00000 (0000000000) 00.00 Completed
  • 6 buyers
00000000 00000000 01-May-2006 000000000000000000 00000 Completed
  • 000000
000000 00000000 09-Sep-1999 0000 000.00 Completed
  • 4 buyers
Paranet Solutions 21-Jul-1997 Merger/Acquisition 00000 Completed
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Sprint Subsidiaries (9)

Company Name Industry Location Founded
Virgin Mobile USA Telecommunications Service Providers Reston, VA 2001
000000 000000000 Acquirer Overland Park, KS 0000
00000000 Vertical Market Software Kansas City, MO 0000
0000000 Connectivity Products Reston, VA 0000
000000 0000000000 Corporate Pension Overland Park, KS 0000
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Sprint Former Investors

Investor Name Investor Type Holding Participating Rounds Investor Since Board Seat Contact Info

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Sprint Executive Team (60)

Name Title Board
Seat
Contact
Info
Michel Combes Chief Executive Officer & Board Member
Doug Michelman President, 1Million Project
Tracy Nolan President, National Sales, Strategy and Operations
Annette Jacobs President, Northwest Region
Andrew Davies Chief Financial Officer

34 Former Executives

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Sprint Board Members (7)

Name Representing Role Since Contact
Info
0000000 000000 Self Chairman & Board Member 000 0000
000000 000000 Sprint Chief Executive Officer & Board Member 000 0000
000000 000000 Self Board Member & Vice Chairman 000 0000
0000 000000 Self Board Member 000 0000

3 Former Board Members

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