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Sprint Corporation operated a 4G WiMAX network in the 2.5 GHz band, which had been operated by Clearwire Corporation before it was acquired. Sprint also provided its prepay partners Boost Mobile and Virgin Mobile access to data services via the WiMAX network; including other Mobile virtual network operators under wholesale agreements.
In 1992, Centel was acquired by Sprint, and Central of Texas began doing business under the Sprint name, but retained its legal name. In 2006, the company was spun off into Embarq when Sprint Nextel spun off its local telephone operations. [2] The company did business as CenturyLink from 2009-2022, following the acquisition of Embarq by CenturyTel.
The company was established in 1929 as The United Telephone Company, later changing its name to United Telephone Company of Missouri upon expansion of the United Telephone System. It was owned by United Utilities. United Utilities later became United Telecommunications in 1972, and acquired Sprint Long Distance from GTE in the 1980s.
CenturyTel - the former corporate name of CenturyLink. Embarq, the former landline operations of Sprint Nextel, which were spun off in 2006; these include operations dating from Sprint's time as United Telecommunications and operations owned by Centel, which it acquired in 1993.
Daniel R. Hesse (born c. 1953) is the former chief executive officer of Sprint Corporation. [1]In January 2016, Hesse joined the board of directors for PNC Financial Services [2] where he chairs the Technology Subcommittee.
Embarq Corporation was the largest independent local exchange carrier in the United States (below the Baby Bells), [2] serving customers in 18 states and providing local, long-distance, high-speed data and wireless services to residential and business customers.
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.
In May 2007, Virgin Mobile USA, Inc. initiated an initial public offering (IPO) by filing with the United States Securities and Exchange Commission. [5] On October 10, 2007, Virgin Mobile's sold 27.5 million shares at US$15 per share, at the low end of the original $15–$17 prediction.