Sprint Corp. said it expects to report an approximately 20-cents-per-share charge against its FON Group earnings in the second quarter related to the elimination of its Web hosting business. In addition, Sprint said it expects to report a 1-cent-per-share charge during the quarter against...
A year ago, if a company was looking for a few million dollars in investment money, all it needed to do was call on Wall Street and wait for the flood of dollars to come. But in the past year, Wall Street financing has...
Sprint Corp. is planning to rely more heavily on its wireless segment and Internet backbone to balance out its faltering long-distance business.The company warned late last week its 2000 and 2001 earnings would be below Wall Street expectations, an announcement that followed similar but...
Sprint Corp. announced April 20 first-quarter consolidated revenues of $4.72 billion, a 16-percent increase from the $4.08 billion posted for the same period of 1998. The next day Sprint said it awarded Lucent Technologies Inc. a $780 million equipment contract.Kansas City, Mo.-based Sprint is...
KANSAS CITY-Sprint Corp. announced it completed the recapitalization of its common stock into two separate classes and the restructuring of Sprint Spectrum L.P., branded Sprint PCS.With the recapitalization, each share of Sprint's publicly traded common stock has been reclassified into a half share of...
Sprint Corp. announced its deal to gain ownership and management control of Sprint PCS, its wireless venture with Tele-Communications Inc., Comcast Corp. and Cox Communications Inc.The Kansas City, Mo.-based long-distance carrier will issue shares of a new common stock that tracks Sprint's wireless operations...
