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Sprint Corporation - Statistics & Facts

Sprint Corporation is an American telecommunication company, that merged with T-Mobile U.S. in April 2020. It operated U.S. nationwide alongside AT&T, Verizon Wireless, and T-Mobile U.S. as one of the largest wireless service providers in the United States.
Able to trace its history back to the founding of Brown Telephone Company in 1899, its modern name stems largely from the merger of South Pacific Communications and General Telephone & Electric Corporation in 1982, leading to the formation of GTE Sprint and, later, Sprint Corporation, under the control of United Telecommunications. In 2005, Sprint Corporation and Nextel Communications merged to form Sprint Nextel Corporation. In 2013, SoftBank Corporation, a Japanese multinational telecommunications company, acquired Sprint Nextel Corporation which led to the closing of the Nextel operations and a return to the Sprint Corporation name.

In 2019, the company had a customer base of almost 55 million subscribers across its postpaid, prepaid, and wholesale and affiliate platforms, of which more than 33.84 million were postpaid retail customers. DISH Network acquired Sprint's prepaid business - Boost Mobile - under the terms of the merger, paying 1.4 billion U.S. dollars to acquire the business including approximately 8.27 million subscribers as of the fourth quarter of 2019, effectively establishing DISH as the third largest prepaid wireless operator in the United States. During 2019, Sprint's prepaid business generated 3.75 billion U.S. dollars in revenue.
DISH plans to start generating revenue immediately from Boost Mobile, and to start building its 5G network on a city-by-city basis using the spectrum it currently owns. Under the terms of the acquisition, DISH are required to build out their 5G network to the extent that it covers 70 percent of the population of the United States by 2023. Further reading on the merger is available from the Statista Dossier Plus, Global telecommunications industry: financial insight.

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Sprint Corporation

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