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, it was then acquired by SoftBank Corporation, a Japanese multinational telecommunications company, which led to the closing of the Nextel operations and a return to the Sprint Corporation name. Today SoftBank holds a 80 percent share of Sprint Corporation.
In 2015, the company had a customer base of 58.8 million subscribers across its postpaid, prepaid, and wholesale and affiliate platforms, of which around 30.1 million were postpaid retail customers, with each postpaid user generating an average revenue (ARPU) of 51.68 U.S. dollars. The company also had a monthly postpaid subscriber churn rate of 1.72 percent as of the first quarter of 2016.