KANSAS CITY-Sprint Corp. announced it has priced its previously announced public offering of
Sprint PCS common stock. Sprint sold 21,220,000 shares at a price to the public of $28.75 per share.
Salomon
Smith Barney and Warburg Dillon Read L.L.C. are the joint global coordinators and book-running managers. Sprint
has agreed to sell to the underwriters up to 3,183,000 additional shares to cover over-allotments. The net proceeds of
the offering will be used by the Sprint PCS Group to finance the buildout of new and existing markets.
