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Sprint and Verizon Wireless had a reciprocal data roaming agreement [100] that allowed for the use of Sprint Power Vision content like TV, movie downloads, and stream radio in Verizon 1x and EVDO coverage areas. Sprint also had a reciprocal 1xRTT, EVDO and LTE data and voice roaming agreement with U.S. Cellular.
The new BCA gives an exchange ratio of 11.00 Sprint shares for each T-Mobile share, up from the original agreement of 9.75 Sprint shares. SoftBank, Sprint's owner, has agreed to surrender 48.8 million T-Mobile shares acquired in the merger to the New T-Mobile, making SoftBank's effective ratio of 11.31 shares per T-Mobile share.
The campus was designed to accommodate 14,500 employees and it reached its maximum capacity at the time of the Nextel-Sprint merger in 2004. Since then Sprint has been downsizing with 11,000 employees (7,300 Sprint employees, the rest contractors) in the complex in 2010.
Nextel Communications, Inc. was an American wireless service operator that merged with and ceased to exist as a subsidiary of Sprint Corporation, which would later be bought by T-Mobile US and folded into that company.
In 2019, as part of the merger of Sprint Corporation and T-Mobile US, Sprint agreed to divest its prepaid wireless businesses, including Boost Mobile, in order to reduce antitrust concerns. In January 2020, Sprint discontinued the Virgin Mobile USA brand and transferred its customers to Boost Mobile. [14] [15]
Before the Sprint merger, Craig McCaw was the largest shareholder of the company with a majority of the shares. [20] On May 7, 2008, Clearwire and Sprint Nextel's wireless broadband unit Xohm announced their intent to merge, combining Sprint's 4G WiMAX network (Xohm) with Clearwire's
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