4G launches, M2M partnerships, broadened solutions portfolio and
third-party endorsements mark strong quarter
OVERLAND PARK, Kan., May 04, 2010 (BUSINESS WIRE) --Sprint (NYSE:S) Business Markets Group (BMG) continued to make strong
contributions to Sprint's performance in the first quarter, starting
2010 with an expanded solutions portfolio, broadened 4G device
selection, M2M partnerships to benefit businesses and strong third-party
endorsements reinforcing the unit's momentum in the marketplace.
Major business market wins in the first quarter contributed to
Sprint's best year-over-year improvement in net post-paid subscriber
results in five years. Notable wins in the quarter included converged
solutions, applications and handset sales to a cross-section of
businesses from Kayentis, a Philadelphia-based software provider, to
the Greater Chicago Food Depository - both of whom purchased 4G
Business customers continue to benefit from Sprint's rapid deployment
of the first commercially available 4G service from a national carrier
in the United States. In the quarter, Sprint launched 4G service in
Houston and Sprint 4G is now available in 32 markets serving over 40
million people. As previously announced by Clearwire Corp. (NASDAQ:
CLWR), coverage is expected to reach up to 120 million people by the
end of 2010 including deployments in Boston, New York, San Francisco,
Kansas City and Washington, D.C.
New products continue to bring the 4G network to life for businesses.
In the quarter, Sprint launched the award-winning and critically
acclaimed Sprint Overdrive TM 3G/4G Mobile Hotspot and
announced the world's first 3G/4G Android TM handset, HTC
EVO TM 4G -- both of which enable a multimedia experience
for businesses at speeds up to 10 times faster than 3G networks.*
In the quarter, BMG continued to broaden and sell its solutions
portfolio bolstered by 4G, a first-tier global IP network and a
growing eco-system of M2M partners.
The first quarter opened with a strong emphasis on vertical
industry solutions reinforced by Sprint CEO Dan Hesse's keynote
address at the Healthcare Information and Management Systems
Society (HIMMS) Conference.
Sprint announced a key strategic partnership in the education
vertical with Blackboard Inc., to launch Blackboard Mobile Learn,(TM)
a unique mobile application that transforms students' and
educators' mobile devices into anytime learning tools.
Also in the quarter, BMG announced a partnership with Tango
Networks to enhance Sprint's Mobile Integration solution
consisting of IP telephony, unified communications and wireless
Sprint's Emergency Response Team extended its leadership in the
public safety market during the quarter, providing solutions
composed of wireless equipment, infrastructure and operational
support to public safety professionals. Among those served were
officials at the recent West Virginia mine disaster.
Sprintalso established orexpanded key
machine-to-machine (M2M) partnerships with Axeda, Lenovo, Walsh
Wireless, Top Global and ZTE USA that enable 3G and 4G solutions
targeting vertical markets.
Third parties continue to recognize BMG performance with top rankings
and awards. Most notably, BMG won top honors for service to business
customers, earning Frost & Sullivan's top ranking for best Service
Level Agreements on MPLS service. The win followed anotherhonor
announced in the quarter from Yankee Group and Mobile Enterprise
Magazine for best overall wireless voice and data satisfaction
among enterprise customers.
Finally, the company's financial strength continued to elicit
confidence from business customers as Sprint reported a cash, cash
equivalent and short-term investment balance of $4.4 billion in the
quarter. The company generated $506 million in free cash flow and
expects to continue to generate a meaningful level of positive free
cash flow during the rest of 2010.
"Sprint's Business Markets Group continued to build its brand around
what customers want most - end-to-end solutions, mobile broadband and
M2M capabilities," said Paget Alves, president-Sprint Business Markets
Group. "In all three categories, we gathered good momentum while
broadening our product portfolio and delivering value-based pricing that
customers have come to trust from BMG."
Alves added, "Our intent is to continue to differentiate in the B2B
marketplace, sharply contrasting our products, solutions and
capabilities from our rivals." Sprint's Business Markets Group is
composed of sales, support, marketing and operations personnel solely
dedicated to enterprise, small and medium-sized business and public
sector customers. BMG delivers wireless, wireline and converged
solutions for companies, drawing on its 3G wireless network, 4G
capabilities, the fastest national push-to-talk network, a first-tier
Global IP network and a comprehensive solutions portfolio of devices and
About Sprint Nextel
Sprint Nextel offers a comprehensive range of wireless and wireline
communications services bringing the freedom of mobility to consumers,
businesses and government users. Sprint Nextel served more than 48
million customers at the end of the first quarter of 2010 and is widely
recognized for developing, engineering and deploying innovative
technologies, and the first and only wireless 4G service from a national
carrier in the United States; offering industry-leading mobile data
services, leading prepaid brands including Virgin Mobile USA, Boost
Mobile and Assurance Wireless and instant national and international
push-to-talk capabilities; and a global Tier 1 Internet backbone. With
its customer-focused strategy, you can learn more and visit Sprint at www.sprint.com
For more information about Sprint Business Markets Group, visit:
* Up to 10x Faster claim: Based on download speed comparison of
3G's 600 kbps vs. 4G's 6 Mbps. Industry published 3G avg. speeds (600
kbps-1.7 Mbps); 4G avg. speeds (3-6 Mbps). Actual speeds may vary.
Mark Bonavia, 913-269-0436