Sprint - M&A Summary and Business Overview

CommunicationsCompany

Sprint M&A Summary

Sprint has acquired 13 companies. A total of 2 acquisitions came from private equity firms. It has also divested 4 assets.

Sprint’s largest acquisition to date was in 2005, when it acquired Nextel Communications for $36.0B. It’s largest disclosed sale occurred in 2008, when it sold Sprint Nextel - 3 300 Towers to TowerCo. for $670M. Sprint has acquired in 11 different US states. The Company’s most targeted sectors include communications (93%) and software (8%).

Sprint Business Overview

Where is Sprint headquartered?

Sprint is headquartered in Overland Park, Kansas.

What is Sprint’s revenue?

Sprint disclosed revenue of 33,347M USD for 2018 and 32,406M USD for 2017.

How many employees does Sprint have?

Sprint has 36,000 employees.

What sector is Sprint in?

Sprint is a communications company.

When was Sprint founded?

Sprint was founded in 1899.

M&A Summary

  • M&A Total Activity16
    • M&A Buy Activity12
    • M&A Sell Activity4
  • Total Sectors Invested 2
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 6
  • M&A Advisors 4

Sprint Corp.

6200 Sprint Parkway,
Overland Park, Kansas 66251
United States,
(800) 829-0965
www.sprint.com

Sprint is a provider of wireless and wireline communications services for consumers, businesses and government users. In addition to the Sprint brand, Sprint offers its services through Virgin Mobile USA, Boost Mobile, and Assurance Wireless.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 12 - - - - - 12
vol $49.2B $49.2B
Sell (0.0/yr) # 4 - - - - - 4
vol $1.2B $1.2B
  16

Most Recent M&A

Company Date Value Type
Clearwire, Inc. 2013-07-19 - Add-on Acquisition
Bellevue, Washington · www.clearwire.com
Handmark, Inc. 2013-05-20 - Add-on Acquisition
Kansas City, Missouri
Virgin Mobile USA, Inc. 2009-11-24 483M USD Sold to Existing Investors
Warren, New Jersey · www.virginmobileusa.com
iPCS, Inc. 2009-10-19 831M USD Add-on Acquisition
Schaumburg, Illinois · www.ipcswirelessinc.com
Sprint Nextel - 3,300 Towers 2008-07-23 670M USD Divestiture
, United States
Northern PCS Services, LLC 2007-06-13 313M USD Add-on Acquisition
Waite Park, Minnesota
Embarq Corp. 2006-05-16 - Spin Off
Overland Park, Kansas
UbiquiTel, Inc. 2006-04-20 1.0B USD Add-on Acquisition
Conshohocken, Pennsylvania
Alamosa Holdings, Inc. 2005-11-21 4.3B USD Add-on Acquisition
LubbocK, Texas · www.alamosapcs.com
IWO Holdings, Inc. 2005-10-20 427M USD Add-on Acquisition
Albany, New York
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Communications 12 (92%) 49.6B (100%) 4 (100%) 1.2B (100%)
Software 1 (8%) - - -
Total 13 $49.6B 4 $1.2B

By Geo

State/Country Buy Value Sell Value
United States 13 49.6B 4 1.2B
  New Jersey 2 483M 1 483M
  Illinois 2 5.5B - -
  Kansas - - 2 34M
  Washington 1 - - -
  Virginia 1 36.0B - -
  Texas 1 4.3B - -
  Pennsylvania 1 1.0B - -
  New York 1 427M - -
  Missouri 1 - - -
  Minnesota 1 313M - -
  Louisiana 1 1.3B - -
Total 13 $49.6B 4 $1.2B

Top M&A Advisors

Financial Deals
Citigroup Investment Banking
 7
Legal Deals
King & Spalding
 6
Skadden, Arps, Slate, Meagher & Flom
 1
Jones Day
 1

Deal Values

buy # Total
> $1B 5 $47.3B
$100M to $1B 5 $2.3B
TOTAL $49.6B
Largest Nextel Communications, Inc.
$36.0B (2005-08-15)
sell # Total
$100M to $1B 2 $1.2B
< $100M 1 $34M
TOTAL $1.2B
Largest Sprint Nextel - 3,300 Towers
$670M (2008-07-23)

M&A Connections

Deals
Acquired from
Investor(s)
15%
2 (15%)
Strategic(s)
8%
1 (8%)
Divested to
Strategic(s)
75%
3 (75%)

Company Summary

SECTOR

Communications

Revenue

33,347   3% 2018
32,406   1% 2017
32,180   2016
(millions of USD)

Employees

36,000

Established

1899

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