Sprint.com

March 21, 2007

The Power to Make a Difference: Sprint Nextel Moves up to No. 28 on The 2007 DiversityInc Top 50 Companies for Diversity(R) List

RESTON, Va., Mar 21, 2007 (BUSINESS WIRE) -- For the fourth consecutive year, Sprint Nextel Corp. (NYSE:S) has earned a coveted spot on The 2007 DiversityInc Top 50 Companies for Diversity(R) list.

"Valuing all aspects of diversity in our colleagues brings a wide range of ideas to the table and is critical for businesses to succeed," said Sandy Price, senior vice president of Human Resources for Sprint Nextel. "We are so pleased to once again be recognized by DiversityInc, an industry thought leader in the areas of inclusion and diversity, and I thank our employees for helping us make this happen."

Leaping 11 spots from No. 39 in 2006 to No. 28 in 2007, Sprint Nextel is among a select group of companies that truly recognize the business benefit that comes from an inclusive workforce.

"Sprint Nextel Corp. is much different from the average corporation; it is a true champion of diversity," notes Luke Visconti, partner and cofounder of DiversityInc, a monthly business magazine and daily web site. "A total of 317 companies competed for a spot, a 100 percent increase in corporate participation in the Top 50 competition over the last three years."

Now in its seventh year, The DiversityInc Top 50 Companies for Diversity list is the largest competition of its kind. The list is determined solely from a comprehensive survey of diversity management that measures CEO Commitment, Human Capital, Corporate Communications and Supplier Diversity.

For the fourth year in a row, the DiversityInc Top 50 companies, expressed as a stock index, beat the Standard & Poor's 500, the Dow Jones Industrial Average and the Nasdaq on a 10-, five- and one-year basis, documenting the connection between good diversity management, excellent corporate governance and return on equity for investors.

The Top 50 list was unveiled during a live video webcast today. To see the webcast and the complete list of Top 50 winners, visit www.DiversityInc.com/top50.

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 is widely recognized for developing, engineering and deploying innovative technologies, including two robust wireless networks serving 53.1 million customers at the end of 2006; industry-leading mobile data services; instant national and international walkie-talkie capabilities; and an award-winning and global Tier 1 Internet backbone. For more information, visit www.sprint.com.

About DiversityInc

DiversityInc is a monthly business magazine, with a daily web site, www.DiversityInc.com. The DiversityInc Top 50 Companies for Diversity list is a purely editorial process and is completely independent of any business conducted with the company. DiversityInc was launched in 1997.

SOURCE: Sprint Nextel

Sprint Nextel
John Adams, 913-794-2940
or
DiversityInc
Luke Visconti, 973-494-0502
LVisconti@DiversityInc.com


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