Sprint NNN Properties for Sale
Are you looking to buy or sell a Sprint Ground Lease Property, or NNN Lease Sprint Property for passive investment? If you would like to buy or sell Sprint NNN Properties, please feel free to send us an email to info@nnndeals.com and we will get back to you quickly.
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| Formerly | Brown Telephone Company (1899–1911) United Telephone Company (1911–1925) United Telephone and Electric (1925–1938) United Utilities, Inc. (1938–1972) United Telecommunications and United Telephone System (1972–1987) Sprint Corporation (1987–2005, 2013–2020) Sprint Nextel Corporation (2005–2013) |
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| Type | Public |
| NYSE: S | |
| Industry | Telecommunications |
| Predecessors | SPC GTE Sprint US Sprint Embarq Nextel Communications |
| Founded | December 21, 1899[1] |
| Founders | Cleyson Brown Jacob Brown |
| Defunct | April 1, 2020 (as an independent company) August 2, 2020 (official) |
| Fate | Merged into T-Mobile US |
| Headquarters |
,
U.S. |
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Area served |
United States |
| Services | Mobile Telephony Wireless communications Internet services Broadband |
| Revenue |  US$33.60 billion (2019) |
 US$398 million (2019) |
|
| US$1.94 billion (2019) |
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| Total assets | US$84.60 billion (2019) |
| Total equity | US$26.07 billion (2019) |
| Owner | T-Mobile |
|
Number of employees |
28,500 (Q1 2019) |
| Parent | T-Mobile US |
| Subsidiaries | i-wireless, Open Mobile, SprintCom, Central Telephone, UbiquiTel |
| Website | Archived official website at the Wayback Machine (archived 2020-07-31) |
Sprint Corporation – The Fourth Largest Wireless Network Operator in the United States
This American telecommunication holding organization is mostly referred to as “Sprint”. It has been providing wireless services to a thriving customer base in America since many years, and is beyond doubts, one of the major internet carriers worldwide. Talking about the United States of America, this particular entity has secured the fourth position for being the wireless network operator that has served nearly 58.4 million users as recorded by the end of January 2016. The organization has also been innovative enough and provided the provision for voice, messaging, broadband services through its diverse subsidiaries under “Virgin Mobile”, “Boost Mobile” and “Assurance wireless” Brands. It also offers a wholesale access to the wireless networks to mobile virtual network operators. The organization does have it’s headquarter located in Kansas, Overland Park.
Financial aspects
During the year 2013 the company recorded entire revenue of $35.493 billion, which in comparison to the year was recorded an increase. The company during 2012 recorded the revenue of $35.345 billion in revenue. Operating income during 2013 $91 million was recorded to be operating income, which during 2012 turned out to be $382 million. Net income during 2013 were recorded to be $ – 3.018 billion, which during 2012 were recorded to be $ – 4.353 million. Total assets during 2013 were recorded to be $ 86.095 billion, which during 2012 were recorded to be $ 51.57 billion.
All about Sprint
During the July 2013, Japanese telecommunication organization “Softbank Corporation” acquired majority of the organization. Though, outstanding shares of “Sprint Corporation” continued to trade over the NYSE (New York Stock Exchange). The organization “Sprint corporation” made an approach to the “Brown Telephone Company” that was established during the year 1899 for deploying telephone services to the countryside areas particularly across “Abilene, Kansas”. During 2006, the organization decided to exit the business of “Local Landline Telephone” and offered those assets to one of the newcomer organization that was recently found naming “Embarq” that later on became an associate of the “CenturyLink”. The organization still maintains the position for being one of the major long distance service providers within the continent of “United States of America”.
Before the year 2005, the organization was popular with the name of “Sprint Corporation”, but was renamed as “Sprint Nextel Corporation” after it finalized the deal of merging with the “Nextel Communications” during the same year. This helped them to ensure maximum exposure to their existence, as customers soon realized their boosted efficiency for providing the best in class services. However, during 2013 Nextel Communication announced their shutdown, which also affected the merger or the synchronization that was established with the Sprint Corporation.
The Reforms
Acquisition by the Softbank Corporation and sudden shutdown of the “Nextel Corporation” forced the organization to utilise their previous name “Sprint Corporation”. During July 2013, being a part of the transactions carried out by the Softbank Corporation, the Sprint did acquire its outstanding shares of the wireless broadband carrier “Clearwire Corporation” that it never owned. During the earlier August of 2014, the organization announced that the CEO of the organization Mr. Dan Hesse would be substituted by the “Marcelo Claure, which would be effective from the mid of August in the same year. Marcelo Claure has been the founder and former CEO of the wireless supplier that is “Brightstar”.
Locations, products & investment
The headquarter of “Sprint Corporation” is located in the Overland, Kansas in the United States of America. Though, the organization is worldwide popular for the wireless services it provides, it also served various locations such as Puerto Rico, United States Virgin Islands including United States of America. The major products or services that the organization provides include “wireless communications”, “Internet services” and “Long distance communication services”. Owing to its success history, people thinking at investing in this renowned company could turn out to be a profitable affair. The investors are more likely to expect superior returns.