Stock Analysis on Sprint
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COMPANY BACKGROUND
According to information gathered from the Sprint 's 10K document for 2012, Sprint Nextel Corporation was incorporated in 1938 under the laws of Kansas and over the years has become the third largest operator (53 Million subscribers) in the United States behind AT&T and Verizon.
Sprint offers wireless services to subscribers in all states, including Puerto Rico, and the U.S. Virgin Islands under the Sprint corporate brand, which includes brands such as Sprint, Nextel, Boost Mobile, Virgin Mobile, and Assurance Wireless. The company 's services are transmitted over networks that utilize third generation (3G) code division multiple access (CDMA), integrated Digital Enhanced Network (iDEN), or Internet protocol (IP) technologies. Sprint now also offer fourth generation (4G) services utilizing Worldwide Interoperability for Microwave Access (WiMAX) technology through their mobile virtual network operator (MVNO) wholesale relationship with Clearwire Corporation and, just recently they have begun to rollout their Long Term Evolution (LTE) technology as part of our network modernization plan.
MAJOR COMPETITORS For this paper, Verizon and AT&T are identified as Sprint 's primary competitors. According to information from Verizon 's 10K document, the company reported having a customer base at the end of fiscal 2012 of over 108.7 and recorded just over $110B in revenues. This makes Verizon the largest telecoms operator in the United States in as it relates to the company 's customer base. AT&T 's 2012 10K document reported the company 's customer base as being 103 million and gross revenues just over $127B. In terms of subscribers, this makes AT&T the second largest customer base in the United States.
SPRINT 'S LIFE CYCLE ANALYSIS After conducting an analysis of Sprint 's Financials for the last five years (Appendix 1), and reviewing the company 's 10K document for